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

Two Harbors Investment Corp. (NYSE:TWO) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $13.81.

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Royal Bank of Canada lifted their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th.

Insider Transactions at Two Harbors Investment

In other news, CIO Nicholas Letica sold 5,737 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total value of $64,713.36. Following the completion of the transaction, the executive now owns 168,935 shares in the company, valued at $1,905,586.80. This represents a 3.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rebecca B. Sandberg sold 3,014 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total value of $33,877.36. Following the transaction, the insider now owns 149,364 shares of the company’s stock, valued at approximately $1,678,851.36. The trade was a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,163 shares of company stock worth $154,005. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TWO. Sterling Capital Management LLC boosted its holdings in shares of Two Harbors Investment by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,963 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Two Harbors Investment in the 4th quarter valued at $40,000. McIlrath & Eck LLC acquired a new position in Two Harbors Investment during the third quarter worth about $64,000. KBC Group NV increased its position in Two Harbors Investment by 86.5% during the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 3,077 shares in the last quarter. Finally, Wolverine Trading LLC lifted its stake in shares of Two Harbors Investment by 866.3% in the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 9,443 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Price Performance

Two Harbors Investment stock opened at $10.74 on Tuesday. The firm has a fifty day moving average of $13.20 and a 200-day moving average of $12.48. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. Two Harbors Investment has a 52-week low of $10.16 and a 52-week high of $14.28. The firm has a market capitalization of $1.12 billion, a P/E ratio of 5.09 and a beta of 1.36.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 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%. As a group, analysts predict that Two Harbors Investment will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th will be given a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 16.77%. Two Harbors Investment’s payout ratio is 85.31%.

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.