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

Two Harbors Investments (NYSE:TWO) had its target price increased by Royal Bank Of Canada from $11.00 to $12.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

TWO has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Compass Point reissued a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Finally, Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.75.

Two Harbors Investments Trading Up 0.0%

Shares of Two Harbors Investments stock opened at $12.11 on Monday. The firm has a market cap of $1.27 billion, a PE ratio of -16.36 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. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a fifty day moving average price of $12.26 and a 200-day moving average price of $11.71.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $247.57 million for the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.74%. Equities research analysts anticipate that Two Harbors Investments will post 0.89 EPS for the current year.

Two Harbors Investments Dividend Announcement

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

Hedge Funds Weigh In On Two Harbors Investments

A number of large investors have recently modified their holdings of TWO. Quarry LP lifted its holdings in shares of Two Harbors Investments by 695.6% during the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,991 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 981 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Two Harbors Investments during the third quarter valued at about $42,000. Ballast Advisors LLC purchased a new stake in Two Harbors Investments during the first quarter valued at about $50,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Two Harbors Investments during the fourth quarter worth about $68,000. 64.19% of the stock is currently owned by institutional investors.

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.