Two Harbors Investments (NYSE:TWO) Price Target Cut to $12.00 by Analysts at Maxim Group

Two Harbors Investments (NYSE:TWO) had its price objective cut by Maxim Group from $15.00 to $12.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other brokerages also recently issued reports on TWO. JPMorgan Chase & Co. reduced their price target on shares of Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Royal Bank Of Canada reduced their price target on shares of 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. Citizens Jmp reissued a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Keefe, Bruyette & Woods increased their price target on Two Harbors Investments from $12.95 to $13.25 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. Finally, UBS Group dropped their price target on Two Harbors Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.88.

Two Harbors Investments Stock Performance

NYSE:TWO opened at $10.09 on Tuesday. The stock has a 50-day simple moving average of $10.58 and a two-hundred day simple moving average of $11.84. Two Harbors Investments has a 52-week low of $9.76 and a 52-week high of $14.28. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $1.05 billion, a PE ratio of -2.84 and a beta of 1.26.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company had revenue of ($20.33) million for the quarter, compared to the consensus estimate of ($28.53) million. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.00%. Analysts forecast that Two Harbors Investments will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Thursday, July 3rd were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 15.45%. The ex-dividend date was Thursday, July 3rd. Two Harbors Investments’s payout ratio is -305.88%.

Institutional Investors Weigh In On Two Harbors Investments

Several institutional investors have recently modified their holdings of TWO. CWM LLC lifted its stake in shares of Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 890 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Two Harbors Investments by 818.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 2,963 shares during the last quarter. Montag A & Associates Inc. lifted its stake in shares of Two Harbors Investments by 29.2% in the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 1,193 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Two Harbors Investments by 233.0% in the first quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 4,552 shares during the period. Finally, Wolverine Trading LLC raised its holdings in shares of Two Harbors Investments by 866.3% in the fourth quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 9,443 shares during the period. 64.19% of the stock is owned by institutional investors.

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.