Analysts Set Two Harbors Investment Corp. (NYSE:TWO) Price Target at $14.63

Two Harbors Investment Corp. (NYSE:TWOGet Free Report) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $14.63.

TWO has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Two Harbors Investment from $14.00 to $17.00 and gave the company a “market perform” rating in a research report on Wednesday, December 13th. UBS Group initiated coverage on shares of Two Harbors Investment in a research report on Wednesday, December 6th. They set a “neutral” rating and a $14.50 price objective on the stock. JMP Securities lifted their price objective on shares of Two Harbors Investment from $12.50 to $15.00 and gave the company a “market outperform” rating in a research report on Friday, December 15th. Jonestrading initiated coverage on shares of Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating on the stock. Finally, StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st.

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Two Harbors Investment Price Performance

NYSE TWO opened at $12.96 on Friday. Two Harbors Investment has a 12 month low of $9.83 and a 12 month high of $14.59. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -6.48 and a beta of 1.87. The company’s 50 day moving average is $12.83 and its two-hundred day moving average is $13.03. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.00.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.89%. The ex-dividend date of this dividend is Wednesday, April 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is presently -90.00%.

Insider Activity at Two Harbors Investment

In other Two Harbors Investment news, insider Robert Rush sold 3,443 shares of Two Harbors Investment stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $14.05, for a total transaction of $48,374.15. Following the completion of the transaction, the insider now directly owns 78,433 shares of the company’s stock, valued at $1,101,983.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Two Harbors Investment news, CEO William Ross Greenberg sold 9,878 shares of Two Harbors Investment stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $14.05, for a total transaction of $138,785.90. Following the completion of the transaction, the chief executive officer now directly owns 280,912 shares of the company’s stock, valued at $3,946,813.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Rush sold 3,443 shares of Two Harbors Investment stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $14.05, for a total transaction of $48,374.15. Following the transaction, the insider now directly owns 78,433 shares of the company’s stock, valued at $1,101,983.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,417 shares of company stock valued at $763,755. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in shares of Two Harbors Investment during the fourth quarter valued at $40,000. Cape Investment Advisory Inc. purchased a new stake in shares of Two Harbors Investment during the fourth quarter valued at $58,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Two Harbors Investment during the first quarter valued at $58,000. Glenmede Trust Co. NA boosted its stake in shares of Two Harbors Investment by 8.9% during the third quarter. Glenmede Trust Co. NA now owns 18,274 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,492 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of Two Harbors Investment by 4.5% during the third quarter. Captrust Financial Advisors now owns 20,164 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 860 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

About Two Harbors Investment

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Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

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Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

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