Brokerages Set Two Harbors Investment Corp. (NYSE:TWO) Target Price at $13.71

Two Harbors Investment Corp. (NYSE:TWO) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $13.71.

TWO has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. Compass Point lowered their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research report on Monday, November 25th. Finally, JMP Securities reduced their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research report on Thursday, October 17th.

Hedge Funds Weigh In On Two Harbors Investment

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 2,100 shares during the period. McIlrath & Eck LLC bought a new position in shares of Two Harbors Investment in the 3rd quarter worth $64,000. Simplify Asset Management Inc. purchased a new stake in shares of Two Harbors Investment during the 3rd quarter worth $134,000. AQR Capital Management LLC bought a new stake in Two Harbors Investment during the second quarter valued at about $147,000. Finally, QRG Capital Management Inc. boosted its position in Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 1,230 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Price Performance

Two Harbors Investment stock opened at $11.65 on Friday. Two Harbors Investment has a 12-month low of $11.28 and a 12-month high of $14.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $11.75 and a 200-day moving average price of $12.86. The firm has a market capitalization of $1.21 billion, a PE ratio of -2.42 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The firm had revenue of $112.64 million during the quarter. During the same period in the prior year, the firm posted ($0.01) earnings per share. As a group, equities research analysts forecast that Two Harbors Investment will post 0.47 EPS for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 15.45%. Two Harbors Investment’s dividend payout ratio is currently -37.34%.

About Two Harbors Investment

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.