Brokerages Set Two Harbors Investment Corp. (NYSE:TWO) Target Price at $13.96

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.96.

Several brokerages recently issued reports on TWO. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. JMP Securities restated a “market outperform” rating and set a $14.00 price target on shares of Two Harbors Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Compass Point dropped their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. Finally, Royal Bank of Canada raised their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th.

Insider Activity

In other news, CIO Nicholas Letica sold 6,040 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the transaction, the executive now directly owns 174,672 shares of the company’s stock, valued at approximately $1,944,099.36. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Rebecca B. Sandberg sold 5,025 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the transaction, the insider now directly owns 156,163 shares in the company, valued at approximately $1,750,587.23. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,136 shares of company stock worth $377,154 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Two Harbors Investment

Hedge funds and other institutional investors have recently modified their holdings of the business. Phocas Financial Corp. purchased a new position in shares of Two Harbors Investment in the third quarter worth about $3,505,000. Geode Capital Management LLC lifted its stake in shares of Two Harbors Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after buying an additional 48,264 shares in the last quarter. Barclays PLC lifted its stake in shares of Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after buying an additional 133,869 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Two Harbors Investment by 1,392.7% in the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after buying an additional 180,516 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Two Harbors Investment in the third quarter worth about $217,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Trading Up 0.3 %

Shares of Two Harbors Investment stock opened at $13.56 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The firm has a fifty day moving average price of $12.12 and a 200 day moving average price of $12.61. Two Harbors Investment has a 1 year low of $10.84 and a 1 year high of $14.27. The stock has a market cap of $1.41 billion, a PE ratio of 6.42 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO) last issued its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Equities research analysts predict that Two Harbors Investment will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 13.28%. Two Harbors Investment’s dividend payout ratio (DPR) is 85.31%.

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.