UBS Group Lowers Two Harbors Investments (NYSE:TWO) Price Target to $12.00

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

Several other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a research note on Wednesday, May 28th. JPMorgan Chase & Co. decreased their target price on shares of Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. JMP Securities reissued a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Wall Street Zen cut shares of Two Harbors Investments from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Finally, Citizens Jmp reaffirmed a "market perform" rating on shares of Two Harbors Investments in a research 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 stock. Based on data from MarketBeat.com, Two Harbors Investments has an average rating of "Hold" and a consensus price target of $13.00.

Two Harbors Investments Stock Down 1.5%

Shares of NYSE TWO traded down $0.16 during midday trading on Thursday, reaching $10.26. The company's stock had a trading volume of 659,372 shares, compared to its average volume of 1,590,280. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. Two Harbors Investments has a fifty-two week low of $10.16 and a fifty-two week high of $14.28. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -20.11 and a beta of 1.26. The stock has a 50 day simple moving average of $11.02 and a 200-day simple moving average of $11.97.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). Two Harbors Investments had a net margin of 3.50% and a return on equity of 8.06%. The business had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million. Equities research analysts predict that Two Harbors Investments will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 15.21%. Two Harbors Investments's dividend payout ratio (DPR) is -305.88%.

Institutional Investors Weigh In On Two Harbors Investments

A number of hedge funds and other institutional investors have recently modified their holdings of TWO. Bank of New York Mellon Corp lifted its holdings in shares of 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 worth $8,837,000 after buying an additional 46,946 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Two Harbors Investments by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,458 shares of the real estate investment trust's stock worth $18,247,000 after acquiring an additional 57,915 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Two Harbors Investments during the fourth quarter worth about $172,000. Amundi raised its stake in Two Harbors Investments by 4.5% during the fourth quarter. Amundi now owns 745,202 shares of the real estate investment trust's stock worth $8,406,000 after acquiring an additional 31,834 shares in the last quarter. Finally, Sei Investments Co. raised its stake in 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 worth $1,656,000 after acquiring an additional 1,770 shares in the last quarter. Institutional investors and hedge funds 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.