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

Two Harbors Investments Corp (NYSE:TWO) has received a consensus rating of “Reduce” from the nine analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.45.

TWO has been the topic of a number of recent research reports. Zacks Research raised Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Compass Point downgraded Two Harbors Investments from a “buy” rating to a “neutral” rating in a research report on Friday, March 27th. UBS Group downgraded Two Harbors Investments from a “buy” rating to a “neutral” rating and raised their price objective for the company from $11.00 to $14.00 in a research report on Friday, January 23rd. JPMorgan Chase & Co. downgraded Two Harbors Investments from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $12.50 to $11.00 in a research report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday, December 29th.

Institutional Investors Weigh In On Two Harbors Investments

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Two Harbors Investments in the fourth quarter valued at about $1,621,000. Clayton Partners LLC purchased a new stake in Two Harbors Investments in the third quarter valued at about $1,234,000. Pekin Hardy Strauss Inc. purchased a new stake in Two Harbors Investments in the third quarter valued at about $5,325,000. Simplicity Wealth LLC purchased a new stake in Two Harbors Investments in the third quarter valued at about $954,000. Finally, Algebris UK Ltd. purchased a new stake in Two Harbors Investments in the third quarter valued at about $17,558,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

TWO opened at $11.00 on Friday. Two Harbors Investments has a 12-month low of $8.78 and a 12-month high of $14.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The business’s fifty day simple moving average is $10.61 and its 200-day simple moving average is $10.69. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.25 and a beta of 1.08.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Two Harbors Investments had a positive return on equity of 12.00% and a negative net margin of 109.90%.The firm had revenue of $182.18 million for the quarter, compared to the consensus estimate of ($15.44) million. On average, equities research analysts anticipate that Two Harbors Investments will post 0.8 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 12.4%. Two Harbors Investments’s dividend payout ratio (DPR) is presently -27.81%.

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.