Two Harbors Investment (NYSE:TWO) Rating Reiterated by JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Two Harbors Investment (NYSE:TWO) in a report released on Thursday morning, Benzinga reports. The brokerage currently has a $15.00 price target on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on the stock. StockNews.com cut shares of Two Harbors Investment from a hold rating to a sell rating in a research report on Wednesday, January 31st. TheStreet cut shares of Two Harbors Investment from a c- rating to a d rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of Two Harbors Investment from $13.50 to $12.50 and set a neutral rating on the stock in a research report on Wednesday, April 10th. Finally, Jonestrading began coverage on shares of Two Harbors Investment in a research note on Friday, March 22nd. They issued a hold rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $14.50.

Two Harbors Investment Stock Performance

TWO stock opened at $11.90 on Thursday. The company’s 50-day moving average is $12.66 and its 200-day moving average is $12.93. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.48. Two Harbors Investment has a 1 year low of $9.83 and a 1 year high of $14.59.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.80 annualized dividend and a dividend yield of 15.13%. Two Harbors Investment’s payout ratio is presently -90.00%.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,360 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $29,028.00. Following the sale, the insider now directly owns 117,399 shares in the company, valued at $1,444,007.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Rebecca B. Sandberg sold 2,360 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $29,028.00. Following the sale, the insider now directly owns 117,399 shares in the company, valued at approximately $1,444,007.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mary Kathryn Riskey sold 2,150 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $26,445.00. Following the transaction, the chief financial officer now owns 83,605 shares of the company’s stock, valued at $1,028,341.50. The disclosure for this sale can be found here. Insiders have sold a total of 13,752 shares of company stock worth $169,150 over the last ninety days. 0.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Balyasny Asset Management LLC purchased a new stake in shares of Two Harbors Investment in the 3rd quarter worth approximately $6,267,000. BlackRock Inc. boosted its stake in Two Harbors Investment by 10.8% during the 1st quarter. BlackRock Inc. now owns 16,693,244 shares of the real estate investment trust’s stock valued at $245,558,000 after purchasing an additional 1,624,206 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Two Harbors Investment by 181.5% in the 1st quarter. First Trust Advisors LP now owns 2,056,378 shares of the real estate investment trust’s stock worth $11,372,000 after buying an additional 1,325,838 shares during the last quarter. State Street Corp boosted its stake in shares of Two Harbors Investment by 9.4% in the 1st quarter. State Street Corp now owns 12,732,371 shares of the real estate investment trust’s stock worth $70,410,000 after buying an additional 1,092,401 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of Two Harbors Investment by 4,159.7% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 992,500 shares of the real estate investment trust’s stock worth $14,600,000 after buying an additional 969,200 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

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.