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

Shares of Two Harbors Investments Corp (NYSE:TWO) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.75.

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada lifted their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. BTIG Research reissued a “neutral” rating on shares of Two Harbors Investments in a research report on Wednesday, August 26th. Finally, Compass Point restated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research note on Tuesday, June 9th.

Hedge Funds Weigh In On Two Harbors Investments

Hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP raised its stake in shares of Two Harbors Investments by 243.0% during the 1st quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust’s stock valued at $1,596,000 after purchasing an additional 98,987 shares during the period. BlackRock Inc. bought a new position in Two Harbors Investments in the 2nd quarter worth about $211,685,000. Gabelli Funds LLC boosted its stake in Two Harbors Investments by 200.0% in the 1st quarter. Gabelli Funds LLC now owns 150,000 shares of the real estate investment trust’s stock worth $1,713,000 after purchasing an additional 100,000 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in Two Harbors Investments during the 2nd quarter valued at about $1,124,000. Finally, Man Group plc purchased a new position in Two Harbors Investments during the 2nd quarter valued at about $10,318,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investments Price Performance

Shares of NYSE:TWO opened at $12.18 on Tuesday. Two Harbors Investments has a 1 year low of $11.98 and a 1 year high of $12.19. The company has a market capitalization of $1.28 billion, a PE ratio of -16.46 and a beta of 1.04. The business has a fifty day moving average price of $12.10 and a two-hundred day moving average price of $11.70. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.08 and a quick ratio of 1.08.

Two Harbors Investments (NYSE:TWO) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $247.57 million for the quarter, compared to analysts’ expectations of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. Analysts forecast that Two Harbors Investments will post 0.89 earnings per share for the current year.

Two Harbors Investments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 11.2%. Two Harbors Investments’s payout ratio is presently -64.86%.

Two Harbors Investments Company Profile

Two Harbors Investment Corp. (NYSE:TWO) is a real estate investment trust (REIT) focused on investing in and managing residential mortgage assets. The company primarily seeks income and long-term returns through a portfolio of mortgage-related investments, with an emphasis on assets backed by residential real estate.

Two Harbors’ investments generally include agency residential mortgage-backed securities (RMBS), which are guaranteed by a U.S. government-sponsored enterprise or government agency, as well as mortgage servicing rights and related interests.