Compass Point Issues Pessimistic Forecast for Two Harbors Investment (NYSE:TWO) Stock Price

Two Harbors Investment (NYSE:TWO) had its target price reduced by Compass Point from $15.75 to $14.75 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other equities analysts have also issued reports on the stock. Royal Bank of Canada cut their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. JMP Securities cut their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. Janney Montgomery Scott assumed coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, JPMorgan Chase & Co. cut 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 report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.18.

Two Harbors Investment Stock Performance

Shares of TWO stock opened at $11.81 on Monday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -2.45 and a beta of 1.87. The company’s 50 day moving average is $12.61 and its 200 day moving average is $13.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment has a 52-week low of $11.28 and a 52-week high of $14.59.

Two Harbors Investment (NYSE:TWO) last issued 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). The business had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, sell-side analysts anticipate that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.24%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio (DPR) is presently -37.34%.

Institutional Investors Weigh In On Two Harbors Investment

Large investors have recently made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in shares of Two Harbors Investment by 48.2% during the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock valued at $11,324,000 after buying an additional 278,666 shares during the last quarter. Phocas Financial Corp. acquired a new position in Two Harbors Investment during the third quarter valued at $3,505,000. Price T Rowe Associates Inc. MD lifted its position in Two Harbors Investment by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock valued at $1,188,000 after purchasing an additional 5,284 shares during the period. TrueMark Investments LLC acquired a new position in Two Harbors Investment during the second quarter valued at $577,000. Finally, International Assets Investment Management LLC lifted its position in Two Harbors Investment by 1,392.7% during the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock valued at $2,685,000 after purchasing an additional 180,516 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

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.