Two Harbors Investment Corp. (NYSE:TWO) Receives Consensus Recommendation of “Hold” from Analysts

Two Harbors Investment Corp. (NYSE:TWOGet Rating) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $5.65.

Separately, JMP Securities reiterated a “buy” rating and issued a $5.50 price target on shares of Two Harbors Investment in a research report on Wednesday, July 6th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. State of New Jersey Common Pension Fund D purchased a new position in shares of Two Harbors Investment during the first quarter valued at approximately $2,762,000. Aaron Wealth Advisors LLC bought a new stake in shares of Two Harbors Investment during the first quarter valued at approximately $497,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Two Harbors Investment by 23.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,433,901 shares of the real estate investment trust’s stock valued at $24,519,000 after acquiring an additional 846,198 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Two Harbors Investment by 10.0% during the first quarter. Arizona State Retirement System now owns 92,963 shares of the real estate investment trust’s stock valued at $514,000 after acquiring an additional 8,482 shares in the last quarter. Finally, Capasso Planning Partners LLC raised its stake in shares of Two Harbors Investment by 50.0% during the first quarter. Capasso Planning Partners LLC now owns 45,000 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 63.99% of the company’s stock.

Two Harbors Investment Trading Up 0.2 %

TWO opened at $4.81 on Monday. The firm has a market cap of $1.66 billion, a P/E ratio of 8.02 and a beta of 1.59. Two Harbors Investment has a 12 month low of $4.26 and a 12 month high of $6.81. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average of $5.00 and a 200 day moving average of $5.07.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Tuesday, July 5th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, July 1st. This represents a $0.68 annualized dividend and a dividend yield of 14.14%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 113.33%.

About Two Harbors Investment

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Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

Further Reading

Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

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