Two Harbors Investments (NYSE:TWO) Price Target Raised to $12.00

Two Harbors Investments (NYSE:TWO) had its price target hoisted by JPMorgan Chase & Co. from $11.00 to $12.00 in a research report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on the stock. Zacks Research raised shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings upgraded Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Finally, Compass Point reissued a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a report on Tuesday, June 9th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Two Harbors Investments has an average rating of “Reduce” and a consensus price target of $12.75.

Two Harbors Investments Price Performance

Shares of TWO opened at $12.10 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company’s fifty day simple moving average is $12.34 and its 200 day simple moving average is $11.62. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -3.17 and a beta of 1.03. Two Harbors Investments has a 1-year low of $8.78 and a 1-year high of $14.17.

Two Harbors Investments (NYSE:TWO) last released 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 for 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%. On average, research analysts forecast that Two Harbors Investments will post 0.8 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio (DPR) is currently -35.60%.

Institutional Trading of Two Harbors Investments

Several hedge funds and other institutional investors have recently bought and sold shares of TWO. AQR Capital Management LLC acquired a new position in shares of Two Harbors Investments during the 1st quarter worth approximately $344,000. Millennium Management LLC increased its holdings in shares of Two Harbors Investments by 10.6% during 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 valued at $1,933,000 after buying an additional 28,535 shares in the last quarter. Intech Investment Management LLC raised its position 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 valued at $1,227,000 after buying an additional 32,361 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Two Harbors Investments in the second quarter valued at approximately $955,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

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.