Shares of Two Harbors Investments Corp (NYSE:TWO) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $9.69.
A number of research firms recently weighed in on TWO. Zacks Investment Research upgraded Two Harbors Investments Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Credit Suisse Group began coverage on Two Harbors Investments Corp in a report on Wednesday, July 5th. They issued an “outperform” rating and a $10.50 price objective for the company. Maxim Group restated a “buy” rating and issued a $10.25 price objective on shares of Two Harbors Investments Corp in a report on Wednesday, June 7th. Finally, Wells Fargo & Company downgraded Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 price objective for the company. in a report on Tuesday, April 11th. They noted that the move was a valuation call.
In other Two Harbors Investments Corp news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $9.85, for a total transaction of $54,825.10. Following the sale, the general counsel now owns 179,466 shares of the company’s stock, valued at $1,767,740.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brad Farrell sold 19,663 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $9.86, for a total transaction of $193,877.18. Following the sale, the chief financial officer now directly owns 410,727 shares in the company, valued at approximately $4,049,768.22. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in Two Harbors Investments Corp during the first quarter worth about $106,000. Cadence Capital Management LLC bought a new position in Two Harbors Investments Corp during the first quarter worth about $116,000. Dynamic Technology Lab Private Ltd bought a new position in Two Harbors Investments Corp during the fourth quarter worth about $107,000. World Asset Management Inc boosted its position in Two Harbors Investments Corp by 0.7% in the first quarter. World Asset Management Inc now owns 12,407 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 83 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in Two Harbors Investments Corp during the first quarter worth about $120,000. 70.86% of the stock is currently owned by institutional investors.
Two Harbors Investments Corp (NYSE:TWO) opened at 9.84 on Friday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 6.68 and a beta of 0.60. Two Harbors Investments Corp has a 52-week low of $7.91 and a 52-week high of $10.54. The stock has a 50 day moving average price of $10.11 and a 200 day moving average price of $9.49.
Two Harbors Investments Corp (NYSE:TWO) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The business had revenue of $116.20 million during the quarter, compared to the consensus estimate of $107.90 million. Two Harbors Investments Corp had a return on equity of 9.81% and a net margin of 74.05%. Two Harbors Investments Corp’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Analysts anticipate that Two Harbors Investments Corp will post $1.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Friday, June 30th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.04 dividend on an annualized basis and a yield of 10.57%. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. Two Harbors Investments Corp’s dividend payout ratio is 75.91%.
Two Harbors Investments Corp Company Profile
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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