Analysts Set Two Harbors Investment Corp. (NYSE:TWO) Target Price at $15.04

Two Harbors Investment Corp. (NYSE:TWO) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.96.

Several analysts recently issued reports on TWO shares. JMP Securities reduced their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Sunday, October 6th. Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a “buy” rating and a $15.00 target price for the company. Finally, Compass Point initiated coverage on Two Harbors Investment in a research report on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price objective for the company.

Two Harbors Investment Stock Performance

Shares of NYSE TWO opened at $12.98 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s fifty day moving average price is $13.57 and its two-hundred day moving average price is $13.17. Two Harbors Investment has a one year low of $9.83 and a one year high of $14.59. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 31.66 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The business had revenue of $115.95 million for the quarter. During the same period in the prior year, the company earned ($0.04) EPS. On average, equities analysts forecast that Two Harbors Investment will post 0.47 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 13.87%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 439.02%.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 2,100 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Two Harbors Investment by 38.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 2,306 shares during the period. QRG Capital Management Inc. bought a new stake in Two Harbors Investment during the 2nd quarter worth approximately $144,000. AQR Capital Management LLC bought a new position in shares of Two Harbors Investment in the second quarter worth $147,000. Finally, Legacy Financial Strategies LLC purchased a new stake in shares of Two Harbors Investment in the 2nd quarter valued at about $170,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

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.