Two Harbors Investment Corp. (NYSE:TWO) Given Average Rating of “Hold” by Brokerages

Shares of Two Harbors Investment Corp. (NYSE:TWO) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.57.

A number of research firms have recently weighed in on TWO. JPMorgan Chase & Co. lowered their target price on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. UBS Group raised Two Harbors Investment from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.50 to $14.50 in a research report on Friday, June 7th. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price target on shares of Two Harbors Investment in a research report on Friday, June 7th. Jonestrading assumed coverage on Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating for the company. Finally, StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st.

Two Harbors Investment Trading Down 0.2 %

NYSE TWO opened at $12.98 on Wednesday. Two Harbors Investment has a 1-year low of $9.83 and a 1-year high of $14.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $12.64 and a 200-day moving average of $13.04. The firm has a market cap of $1.34 billion, a PE ratio of 7.29 and a beta of 1.85.

Two Harbors Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.87%. Two Harbors Investment’s dividend payout ratio (DPR) is 101.12%.

Insiders Place Their Bets

In related news, Director Stephen G. Kasnet sold 12,790 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.02, for a total value of $166,525.80. Following the sale, the director now owns 97,569 shares in the company, valued at approximately $1,270,348.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO William Ross Greenberg sold 8,170 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $12.68, for a total value of $103,595.60. Following the sale, the chief executive officer now owns 255,909 shares in the company, valued at approximately $3,244,926.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen G. Kasnet sold 12,790 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.02, for a total value of $166,525.80. Following the completion of the sale, the director now owns 97,569 shares in the company, valued at approximately $1,270,348.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,335 shares of company stock worth $376,316. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Two Harbors Investment

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Two Harbors Investment by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after purchasing an additional 1,135,012 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Two Harbors Investment by 1.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,250,149 shares of the real estate investment trust’s stock valued at $69,512,000 after purchasing an additional 99,577 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Two Harbors Investment by 0.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,238,329 shares of the real estate investment trust’s stock valued at $31,180,000 after buying an additional 11,279 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Two Harbors Investment by 155.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock valued at $18,516,000 after buying an additional 801,837 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Two Harbors Investment by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,268,379 shares of the real estate investment trust’s stock valued at $17,669,000 after buying an additional 31,457 shares during the period. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

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.