Two Harbors Investment Corp. (NYSE:TWO) Receives $13.71 Consensus Target Price from Analysts

Two Harbors Investment Corp. (NYSE:TWO) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $13.71.

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

Institutional Investors Weigh In On Two Harbors Investment

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Two Harbors Investment by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock worth $3,583,000 after acquiring an additional 3,391 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of Two Harbors Investment in the 3rd quarter worth about $64,000. Geode Capital Management LLC boosted its stake in shares of Two Harbors Investment by 2.0% during 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 purchasing an additional 48,264 shares in the last quarter. Barclays PLC increased its position in shares of Two Harbors Investment by 346.0% during the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after buying an additional 133,869 shares during the period. Finally, State Street Corp raised its stake in Two Harbors Investment by 2.7% in the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after buying an additional 102,294 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Price Performance

TWO stock opened at $11.99 on Friday. The firm has a 50 day simple moving average of $11.78 and a two-hundred day simple moving average of $12.87. The stock has a market cap of $1.24 billion, a PE ratio of -2.49 and a beta of 1.85. Two Harbors Investment has a one year low of $11.28 and a one year high of $14.27. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07.

Two Harbors Investment (NYSE:TWO) last announced its earnings results 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). The company had revenue of $112.64 million during the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same period in the previous year, the business earned ($0.01) EPS. On average, analysts predict that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 15.01%. Two Harbors Investment’s dividend payout ratio is presently -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.