Two Harbors Investment (NYSE:TWO) Given “Market Outperform” Rating at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Two Harbors Investment (NYSE:TWO) in a report published on Thursday, Benzinga reports. The firm currently has a $15.00 price objective on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Two Harbors Investment from $13.50 to $12.50 and set a neutral rating on the stock in a research note on Wednesday, April 10th. StockNews.com lowered Two Harbors Investment from a hold rating to a sell rating in a report on Wednesday, January 31st. Jonestrading started coverage on Two Harbors Investment in a report on Friday, March 22nd. They set a hold rating on the stock. Finally, TheStreet lowered Two Harbors Investment from a c- rating to a d rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Two Harbors Investment currently has a consensus rating of Hold and a consensus price target of $14.50.

Two Harbors Investment Price Performance

NYSE TWO opened at $11.90 on Thursday. Two Harbors Investment has a one year low of $9.83 and a one year high of $14.59. The stock’s 50 day simple moving average is $12.66 and its 200 day simple moving average is $12.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.48 and a current ratio of 1.48.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.13%. The ex-dividend date is Wednesday, April 3rd. Two Harbors Investment’s dividend payout ratio is currently -90.00%.

Insider Activity at Two Harbors Investment

In related news, CEO William Ross Greenberg sold 7,170 shares of Two Harbors Investment stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $88,191.00. Following the completion of the transaction, the chief executive officer now owns 264,079 shares in the company, valued at $3,248,171.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO William Ross Greenberg sold 7,170 shares of Two Harbors Investment stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $88,191.00. Following the completion of the transaction, the chief executive officer now owns 264,079 shares in the company, valued at $3,248,171.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rebecca B. Sandberg sold 2,360 shares of Two Harbors Investment stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $29,028.00. Following the transaction, the insider now owns 117,399 shares of the company’s stock, valued at approximately $1,444,007.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,752 shares of company stock valued at $169,150. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of Two Harbors Investment during the fourth quarter worth approximately $40,000. Cape Investment Advisory Inc. bought a new stake in shares of Two Harbors Investment during the fourth quarter worth approximately $58,000. Sequoia Financial Advisors LLC bought a new stake in shares of Two Harbors Investment during the first quarter worth approximately $58,000. Glenmede Trust Co. NA boosted its holdings 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 worth $60,000 after acquiring an additional 1,492 shares during the period. Finally, Captrust Financial Advisors boosted its holdings 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 worth $67,000 after acquiring an additional 860 shares during the period. Institutional investors own 64.19% of the company’s stock.

About Two Harbors Investment

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.