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

Two Harbors Investments Corp (NYSE:TWO) has received a consensus rating of “Reduce” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and five have given a hold 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 $12.50.

TWO has been the subject of several recent analyst reports. 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. JPMorgan Chase & Co. downgraded shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $12.50 to $11.00 in a research note on Thursday, April 16th. Compass Point reissued a “neutral” rating and issued a $13.00 price target on shares of Two Harbors Investments in a research note on Tuesday. Finally, Zacks Research raised shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th.

Hedge Funds Weigh In On Two Harbors Investments

A number of institutional investors have recently bought and sold shares of the stock. Amundi raised its stake in Two Harbors Investments by 63.9% in the first quarter. Amundi now owns 19,420 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 7,568 shares in the last quarter. California State Teachers Retirement System raised its stake in Two Harbors Investments by 47.7% in the first quarter. California State Teachers Retirement System now owns 141,286 shares of the real estate investment trust’s stock worth $1,613,000 after buying an additional 45,602 shares in the last quarter. Quantinno Capital Management LP raised its stake in Two Harbors Investments by 243.0% in the first quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust’s stock worth $1,596,000 after buying an additional 98,987 shares in the last quarter. SummitTX Capital L.P. bought a new position in Two Harbors Investments in the first quarter worth about $572,000. Finally, Rangeley Capital LLC bought a new position in Two Harbors Investments in the first quarter worth about $114,000. 64.19% of the stock is owned by institutional investors.

Two Harbors Investments Stock Performance

Shares of NYSE:TWO opened at $12.34 on Friday. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -3.23 and a beta of 1.04. The company has a 50-day moving average price of $11.87 and a 200-day moving average price of $11.30. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Two Harbors Investments has a 12 month low of $8.78 and a 12 month high of $14.17.

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

Two Harbors Investments Dividend Announcement

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

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.