Analysts Set Two Harbors Investments Corp (NYSE:TWO) Target Price at $12.75

Two Harbors Investments Corp (NYSE:TWO) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.75.

Several research analysts have commented on TWO shares. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. BTIG Research reissued a “neutral” rating on shares of Two Harbors Investments in a research note on Wednesday. Finally, Compass Point restated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th.

Two Harbors Investments Price Performance

TWO opened at $12.18 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $1.28 billion, a P/E ratio of -16.46 and a beta of 1.04. The stock has a 50-day moving average price of $12.13 and a 200-day moving average price of $11.60. Two Harbors Investments has a 12-month low of $11.98 and a 12-month high of $12.19.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $247.57 million for the quarter, compared to analysts’ expectations of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. Equities analysts predict that Two Harbors Investments will post 0.89 earnings per share for the current fiscal year.

Two Harbors Investments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s payout ratio is -64.86%.

Hedge Funds Weigh In On Two Harbors Investments

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new stake in Two Harbors Investments in the first quarter valued at approximately $344,000. Millennium Management LLC grew its holdings in shares of 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 worth $16,119,000 after purchasing an additional 115,698 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 last quarter. Intech Investment Management LLC increased its stake in shares of 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 buying an additional 32,361 shares during the period. Finally, Norges Bank purchased a new position in shares of Two Harbors Investments in the second quarter worth $955,000. 64.19% of the stock is currently owned by institutional investors.

About Two Harbors Investments

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.