Two Harbors Investments Corp (NYSE:TWO) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have received an average rating of “Reduce” from the seven ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $12.50.

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $12.50 to $11.00 in a research note on Thursday, April 16th. Compass Point restated a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a report on Tuesday, June 9th. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Finally, Zacks Research raised shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th.

Institutional Trading of Two Harbors Investments

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC acquired a new stake in shares of Two Harbors Investments in the 1st quarter valued at approximately $344,000. Millennium Management LLC increased its stake in Two Harbors Investments by 10.6% in the first quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock valued at $16,119,000 after purchasing an additional 115,698 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Two Harbors Investments by 24.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 144,670 shares of the real estate investment trust’s stock worth $1,933,000 after purchasing an additional 28,535 shares during the period. Intech Investment Management LLC raised its holdings in Two Harbors Investments by 54.4% in the first quarter. Intech Investment Management LLC now owns 91,847 shares of the real estate investment trust’s stock worth $1,227,000 after purchasing an additional 32,361 shares during the period. Finally, Norges Bank bought a new position in shares of Two Harbors Investments during the second quarter worth $955,000. 64.19% of the stock is owned by institutional investors.

Two Harbors Investments Trading Down 0.4%

TWO stock opened at $12.36 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. Two Harbors Investments has a twelve month low of $8.78 and a twelve month high of $14.17. The company has a market cap of $1.30 billion, a P/E ratio of -3.23 and a beta of 1.03. The business has a fifty day moving average of $12.21 and a 200-day moving average of $11.51.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.13. The business had revenue of $225.08 million for the quarter, compared to analysts’ expectations of $2.33 million. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%. As a group, equities research analysts expect that Two Harbors Investments will post 0.8 EPS for the current year.

Two Harbors Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.0%. Two Harbors Investments’s payout ratio is -35.60%.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.