Analysts Set Two Harbors Investment Corp. (NYSE:TWO) Price Target at $13.63

Two Harbors Investment Corp. (NYSE:TWO) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.54.

A number of equities research analysts have issued reports on TWO shares. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a report on Tuesday. Royal Bank of Canada cut their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Compass Point dropped their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. JPMorgan Chase & Co. reduced their target price on Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, JMP Securities restated a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a report on Thursday, January 23rd.

Insider Buying and Selling

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 5,025 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the transaction, the insider now owns 156,163 shares of the company’s stock, valued at approximately $1,750,587.23. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Nicholas Letica sold 6,040 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the sale, the executive now directly owns 174,672 shares in the company, valued at approximately $1,944,099.36. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,754 shares of company stock worth $333,307 in the last three months. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Two Harbors Investment

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its stake in Two Harbors Investment by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock valued at $64,158,000 after purchasing an additional 69,725 shares in the last quarter. State Street Corp raised its holdings in Two Harbors Investment by 2.7% in the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after acquiring an additional 102,294 shares during the last quarter. Geode Capital Management LLC lifted its position in Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after acquiring an additional 48,264 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Two Harbors Investment by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock valued at $20,605,000 after purchasing an additional 33,852 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Two Harbors Investment by 20.2% in the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock worth $10,564,000 after purchasing an additional 149,870 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Down 1.7 %

Shares of NYSE:TWO opened at $11.79 on Thursday. Two Harbors Investment has a 12-month low of $10.84 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 stock’s 50-day moving average price is $11.73 and its 200-day moving average price is $12.68. The stock has a market capitalization of $1.22 billion, a P/E ratio of -2.45 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. On average, equities analysts anticipate that Two Harbors Investment will post 0.47 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.27%. The ex-dividend date of this dividend was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio is presently -37.34%.

Two Harbors Investment 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.