StockNews.com Initiates Coverage on Two Harbors Investment (NYSE:TWO)

StockNews.com started coverage on shares of Two Harbors Investment (NYSE:TWO – Get Rating) in a research report report published on Thursday. The brokerage issued a sell rating on the real estate investment trust’s stock.

TWO has been the subject of several other reports. JMP Securities lifted their target price on shares of Two Harbors Investment from $17.50 to $18.00 and gave the stock a market outperform rating in a research note on Thursday, January 26th. Royal Bank of Canada boosted their price objective on shares of Two Harbors Investment from $16.00 to $17.00 and gave the company a sector perform rating in a research note on Friday, February 17th. Citigroup boosted their price objective on shares of Two Harbors Investment from $15.00 to $17.00 and gave the company a neutral rating in a research note on Monday, February 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Two Harbors Investment from $17.25 to $17.50 and gave the company a market perform rating in a research note on Wednesday, February 15th. Finally, Maxim Group raised shares of Two Harbors Investment from a hold rating to a buy rating and set a $19.00 price objective for the company in a research note on Friday, February 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $17.69.

Two Harbors Investment Stock Down 4.3 %

TWO stock opened at $13.70 on Thursday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 8.46 and a beta of 1.75. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 1.01. Two Harbors Investment has a one year low of $12.12 and a one year high of $22.66. The company has a 50 day moving average price of $16.77 and a two-hundred day moving average price of $16.18.

Two Harbors Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 27th. Investors of record on Thursday, January 5th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, January 4th. This represents a $2.40 annualized dividend and a dividend yield of 17.52%. Two Harbors Investment’s payout ratio is 148.15%.

Insider Activity at Two Harbors Investment

In related news, VP Robert Rush sold 2,599 shares of Two Harbors Investment stock in a transaction on Monday, January 30th. The shares were sold at an average price of $17.74, for a total transaction of $46,106.26. Following the transaction, the vice president now owns 64,198 shares in the company, valued at approximately $1,138,872.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Two Harbors Investment news, VP Robert Rush sold 2,599 shares of the business’s stock in a transaction on Monday, January 30th. The shares were sold at an average price of $17.74, for a total value of $46,106.26. Following the transaction, the vice president now owns 64,198 shares in the company, valued at approximately $1,138,872.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mary Kathryn Riskey sold 2,181 shares of the business’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $16.97, for a total transaction of $37,011.57. Following the completion of the transaction, the chief financial officer now owns 68,146 shares in the company, valued at approximately $1,156,437.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,492 shares of company stock worth $528,144. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Two Harbors Investment

Institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in shares of Two Harbors Investment in the 2nd quarter valued at about $26,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Two Harbors Investment in the 2nd quarter valued at about $28,000. Guardian Wealth Advisors LLC acquired a new stake in shares of Two Harbors Investment in the 3rd quarter valued at about $30,000. SOL Capital Management CO acquired a new stake in shares of Two Harbors Investment in the 3rd quarter valued at about $33,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of Two Harbors Investment in the 3rd quarter valued at about $40,000.

Two Harbors Investment Company Profile

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Two Harbors Investment Corp. is a real estate investment trust, which invests in, finances, and manages agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.