Two Harbors Investments’ (TWO) “Market Perform” Rating Reaffirmed at Citizens Jmp

Citizens Jmp restated their market perform rating on shares of Two Harbors Investments (NYSE:TWO) in a report published on Thursday morning, MarketBeat Ratings reports.

Other analysts have also recently issued reports about the company. UBS Group raised their target price on Two Harbors Investments from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Royal Bank Of Canada lowered their price target on Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 28th. Keefe, Bruyette & Woods upped their price objective on shares of Two Harbors Investments from $12.95 to $13.25 and gave the stock a “market perform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Finally, Wall Street Zen cut shares of Two Harbors Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.14.

Two Harbors Investments Trading Down 4.0%

Shares of NYSE:TWO opened at $10.58 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $11.17 and its 200 day moving average price is $12.01. The company has a market cap of $1.10 billion, a PE ratio of -20.73 and a beta of 1.26. Two Harbors Investments has a fifty-two week low of $10.16 and a fifty-two week high of $14.28.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million. Two Harbors Investments had a net margin of 3.50% and a return on equity of 8.06%. Sell-side analysts anticipate that Two Harbors Investments will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 14.75%. Two Harbors Investments’s dividend payout ratio is currently -352.94%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TWO. Vanguard Group Inc. lifted its holdings in Two Harbors Investments by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock valued at $135,928,000 after acquiring an additional 329,762 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Two Harbors Investments by 19.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust’s stock worth $27,373,000 after purchasing an additional 371,436 shares in the last quarter. Invesco Ltd. lifted its stake in Two Harbors Investments by 28.6% during the fourth quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust’s stock valued at $25,491,000 after purchasing an additional 478,958 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Two Harbors Investments by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,458 shares of the real estate investment trust’s stock worth $18,247,000 after buying an additional 57,915 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Two Harbors Investments by 13.6% during the fourth quarter. Ameriprise Financial Inc. now owns 1,371,702 shares of the real estate investment trust’s stock worth $16,227,000 after buying an additional 164,452 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

About Two Harbors Investments

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.