Two Harbors Investment Corp. (NYSE:TWO) Receives Average Recommendation of “Hold” from Analysts

Shares of Two Harbors Investment Corp. (NYSE:TWO) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $14.57.

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

Insider Buying and Selling at Two Harbors Investment

In related news, CEO William Ross Greenberg sold 8,170 shares of Two Harbors Investment stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $12.68, for a total transaction of $103,595.60. Following the transaction, 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 filing with the SEC, which can be accessed through this link. In related news, Director Stephen G. Kasnet sold 12,790 shares of the business’s stock in a transaction on Friday, May 17th. The shares were 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 $1,270,348.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William Ross Greenberg sold 8,170 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $12.68, for a total transaction of $103,595.60. Following the completion of the transaction, the chief executive officer now directly owns 255,909 shares of the company’s stock, valued at approximately $3,244,926.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,335 shares of company stock valued at $376,316. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Two Harbors Investment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Triumph Capital Management boosted its holdings in Two Harbors Investment by 4.3% during the 4th quarter. Triumph Capital Management now owns 21,795 shares of the real estate investment trust’s stock valued at $304,000 after acquiring an additional 896 shares during the period. Howard Financial Services LTD. increased its holdings in shares of Two Harbors Investment by 2.3% in the 1st quarter. Howard Financial Services LTD. now owns 39,657 shares of the real estate investment trust’s stock valued at $525,000 after acquiring an additional 903 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of Two Harbors Investment by 5.6% during the first quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 944 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Two Harbors Investment by 3.7% in the fourth quarter. New York State Common Retirement Fund now owns 40,453 shares of the real estate investment trust’s stock valued at $564,000 after acquiring an additional 1,459 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Two Harbors Investment by 38.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 1,652 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Up 1.8 %

TWO opened at $13.43 on Friday. The company has a fifty day moving average price of $12.93 and a 200-day moving average price of $12.93. Two Harbors Investment has a one year low of $9.83 and a one year high of $14.59. The firm has a market capitalization of $1.39 billion, a P/E ratio of 7.50 and a beta of 1.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.09 and a quick ratio of 1.09.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, July 5th will be given a $0.45 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.80 annualized dividend and a yield of 13.41%. Two Harbors Investment’s payout ratio is presently 101.12%.

About Two Harbors Investment

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.