Two Harbors Investments Corp (NYSE:TWO) Given Consensus Rating of “Hold” by Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.75.

Several analysts have issued reports on TWO shares. Zacks Research raised Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Compass Point restated a “neutral” rating and set a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th. JPMorgan Chase & Co. raised their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. Finally, Weiss Ratings raised Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th.

Two Harbors Investments Price Performance

Shares of TWO opened at $12.11 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $12.29 and a 200-day moving average price of $11.68. Two Harbors Investments has a fifty-two week low of $8.78 and a fifty-two week high of $14.17. The stock has a market capitalization of $1.27 billion, a PE ratio of -3.17 and a beta of 1.03.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The company had revenue of $225.08 million during the quarter, compared to the consensus estimate of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. Equities analysts predict that Two Harbors Investments will post 0.89 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio is presently -35.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Two Harbors Investments by 37.8% during the second quarter. GAMMA Investing LLC now owns 7,162 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 1,964 shares during the last quarter. Ballast Advisors LLC acquired a new stake in Two Harbors Investments in the first quarter valued at approximately $50,000. Amundi grew its holdings in Two Harbors Investments by 63.9% in the first quarter. Amundi now owns 19,420 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 7,568 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Two Harbors Investments by 47.7% during the first quarter. California State Teachers Retirement System now owns 141,286 shares of the real estate investment trust’s stock worth $1,613,000 after purchasing an additional 45,602 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Two Harbors Investments by 243.0% during the first quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust’s stock worth $1,596,000 after purchasing an additional 98,987 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.