Two Harbors Investments (NYSE:TWO) Price Target Lowered to $12.00 at Maxim Group

Key Points

• Maxim Group has lowered the price target for Two Harbors Investments from $15.00 to $12.00, while maintaining a "buy" rating.
• Other analysts have a mixed outlook, with JPMorgan reducing its target to $10.50 and Wall Street Zen downgrading the stock to a "sell" rating.
• As of the latest reports, Two Harbors Investments shares traded down 1.8% to $10.15, reflecting ongoing market volatility.

Two Harbors Investments (NYSE:TWO - Free Report) had its target price trimmed by Maxim Group from $15.00 to $12.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust's stock.

Several other equities research analysts have also issued reports on the company. Royal Bank Of Canada dropped their price objective on 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. Wall Street Zen downgraded Two Harbors Investments from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective 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. UBS Group lowered their target price on shares of Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Finally, JMP Securities reiterated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Two Harbors Investments has a consensus rating of "Hold" and an average target price of $12.88.

Two Harbors Investments Price Performance

NYSE:TWO traded up $0.05 during mid-day trading on Tuesday, hitting $9.80. 2,463,336 shares of the stock traded hands, compared to its average volume of 2,244,342. The business's 50-day moving average price is $10.50 and its 200 day moving average price is $11.80. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.02 billion, a PE ratio of -2.75 and a beta of 1.25. Two Harbors Investments has a 12-month low of $9.67 and a 12-month high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of ($18.12) million during the quarter, compared to the consensus estimate of ($23.29) million. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. On average, analysts expect that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Thursday, July 3rd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 15.9%. The ex-dividend date was Thursday, July 3rd. Two Harbors Investments's payout ratio is presently -43.82%.

Institutional Investors Weigh In On Two Harbors Investments

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Two Harbors Investments in the 4th quarter worth $172,000. Sei Investments Co. grew its stake 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 last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Two Harbors Investments in the fourth quarter worth about $284,000. LPL Financial LLC lifted its stake in shares of Two Harbors Investments by 18.8% in the 4th quarter. LPL Financial LLC now owns 117,994 shares of the real estate investment trust's stock valued at $1,396,000 after acquiring an additional 18,682 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Two Harbors Investments by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust's stock valued at $135,928,000 after acquiring an additional 329,762 shares during the period. 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.