Two Harbors Investment Corp. (NYSE:TWO) Receives $14.50 Consensus Target Price from Brokerages

Shares of Two Harbors Investment Corp. (NYSE:TWO) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $14.50.

TWO has been the subject of several research analyst reports. StockNews.com lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 price target on shares of Two Harbors Investment in a report on Thursday, April 18th. JPMorgan Chase & Co. dropped their target price on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a report on Wednesday, April 10th. Jonestrading began coverage on Two Harbors Investment in a report on Friday, March 22nd. They set a “hold” rating for the company. Finally, TheStreet cut Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th.

Two Harbors Investment Price Performance

TWO stock opened at $12.36 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. Two Harbors Investment has a 52-week low of $9.83 and a 52-week high of $14.59. The stock’s 50 day moving average is $12.64 and its two-hundred day moving average is $12.94. The company has a market capitalization of $1.28 billion, a PE ratio of -6.18 and a beta of 1.87.

Two Harbors Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.56%. Two Harbors Investment’s dividend payout ratio (DPR) is -90.00%.

Insider Activity

In related news, CFO Mary Kathryn Riskey sold 2,150 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $26,445.00. Following the sale, the chief financial officer now owns 83,605 shares in the company, valued at $1,028,341.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Two Harbors Investment news, CEO William Ross Greenberg sold 7,170 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $88,191.00. Following the transaction, the chief executive officer now owns 264,079 shares of the company’s stock, valued at $3,248,171.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mary Kathryn Riskey sold 2,150 shares of the business’s stock in a transaction that occurred on 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 directly owns 83,605 shares in the company, valued at approximately $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 three months. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investment

Several institutional investors and hedge funds have recently made changes to their positions in TWO. Great Lakes Advisors LLC acquired a new stake in Two Harbors Investment during the fourth quarter worth approximately $9,413,000. Norges Bank acquired a new stake in Two Harbors Investment during the 4th quarter worth about $8,829,000. Graham Capital Management L.P. grew its holdings in Two Harbors Investment by 107.1% during the 3rd quarter. Graham Capital Management L.P. now owns 26,617 shares of the real estate investment trust’s stock worth $352,000 after acquiring an additional 400,117 shares during the period. Wolverine Asset Management LLC grew its stake in shares of Two Harbors Investment by 83.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 770,911 shares of the real estate investment trust’s stock valued at $10,207,000 after buying an additional 350,060 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of Two Harbors Investment by 1,208.2% in the 4th quarter. International Assets Investment Management LLC now owns 175,851 shares of the real estate investment trust’s stock valued at $2,450,000 after buying an additional 162,409 shares during the period. Institutional investors and hedge funds 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.