Two Harbors Investments (NYSE:TWO) Given New $12.00 Price Target at UBS Group

Two Harbors Investments (NYSE:TWO - Free Report) had its target price lowered by UBS Group from $13.00 to $12.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust's stock.

A number of other research analysts have also recently commented on the stock. JMP Securities reiterated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. JPMorgan Chase & Co. reduced their price target on shares of Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods increased their price target on shares of Two Harbors Investments from $12.95 to $13.25 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. Wall Street Zen cut shares of Two Harbors Investments from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, Citizens Jmp restated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $13.00.

Two Harbors Investments Price Performance

Shares of Two Harbors Investments stock traded down $0.14 on Thursday, reaching $10.27. The stock had a trading volume of 1,748,019 shares, compared to its average volume of 1,362,352. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. The business's 50 day moving average is $10.99 and its two-hundred day moving average is $11.96. The company has a market cap of $1.07 billion, a P/E ratio of -20.14 and a beta of 1.26. Two Harbors Investments has a 1 year low of $10.16 and a 1 year high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share 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 the consensus estimate of ($28.53) million. Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. As a group, research analysts anticipate that Two Harbors Investments will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 15.19%. The ex-dividend date of this dividend is Thursday, July 3rd. Two Harbors Investments's payout ratio is -305.88%.

Institutional Trading of Two Harbors Investments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Two Harbors Investments during the fourth quarter valued at $172,000. Northern Trust Corp increased its holdings in shares of Two Harbors Investments by 5.8% during the fourth quarter. Northern Trust Corp now owns 1,181,547 shares of the real estate investment trust's stock valued at $13,978,000 after acquiring an additional 65,194 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Two Harbors Investments by 44.5% during the first quarter. New York State Teachers Retirement System now owns 33,831 shares of the real estate investment trust's stock valued at $452,000 after acquiring an additional 10,414 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Two Harbors Investments by 54.6% during the fourth quarter. Deutsche Bank AG now owns 90,474 shares of the real estate investment trust's stock valued at $1,070,000 after acquiring an additional 31,954 shares in the last quarter. Finally, Sei Investments Co. increased its holdings 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 acquiring an additional 1,770 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company's stock.

Two Harbors Investments Company Profile

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.