Citizens Jmp Reaffirms "Market Perform" Rating for Two Harbors Investments (NYSE:TWO)

Citizens Jmp reaffirmed their market perform rating on shares of Two Harbors Investments (NYSE:TWO - Free Report) in a research note issued to investors on Thursday, MarketBeat reports.

Several other research analysts also recently commented on TWO. Royal Bank Of Canada dropped their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a report on Wednesday, May 28th. JMP Securities dropped their price target on Two Harbors Investments from $14.00 to $13.50 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their price target on Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods upped their price objective on Two Harbors Investments from $12.95 to $13.25 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Finally, UBS Group increased their target price on Two Harbors Investments from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $13.14.

Two Harbors Investments Price Performance

TWO stock traded down $0.45 during midday trading on Thursday, hitting $10.58. The company's stock had a trading volume of 2,455,261 shares, compared to its average volume of 1,341,932. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. Two Harbors Investments has a 12 month low of $10.16 and a 12 month high of $14.28. The company has a 50 day moving average of $11.17 and a two-hundred day moving average of $12.01. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -20.73 and a beta of 1.26.

Two Harbors Investments (NYSE:TWO - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company had revenue of ($20.33) million during the quarter, compared to analysts' expectations of ($28.53) million. Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. On average, analysts expect that Two Harbors Investments will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Thursday, July 3rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 14.75%. The ex-dividend date of this dividend is Thursday, July 3rd. Two Harbors Investments's dividend payout ratio (DPR) is -352.94%.

Institutional Trading of Two Harbors Investments

Several hedge funds and other institutional investors have recently bought and sold shares of TWO. Bank of New York Mellon Corp increased its position in Two Harbors Investments by 6.7% during the fourth quarter. Bank of New York Mellon Corp now owns 746,985 shares of the real estate investment trust's stock valued at $8,837,000 after acquiring an additional 46,946 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Two Harbors Investments by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,458 shares of the real estate investment trust's stock valued at $18,247,000 after purchasing an additional 57,915 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Two Harbors Investments in the 4th quarter worth about $172,000. Amundi lifted its stake in Two Harbors Investments by 4.5% in the fourth quarter. Amundi now owns 745,202 shares of the real estate investment trust's stock worth $8,406,000 after purchasing an additional 31,834 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Two Harbors Investments by 1.3% during the fourth quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust's stock valued at $1,656,000 after buying an additional 1,770 shares during the period. Hedge funds and other institutional investors own 64.19% of the company's stock.

About Two Harbors Investments

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.