Brokerages Set Two Harbors Investment Corp. (NYSE:TWO) Price Target at $14.50

Two Harbors Investment Corp. (NYSE:TWO) has earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.50.

TWO has been the subject of a number of recent research reports. StockNews.com downgraded shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of Two Harbors Investment in a research report on Thursday, April 18th. Jonestrading assumed coverage on shares of Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating for the company. Finally, TheStreet downgraded shares of Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th.

Insider Activity

In other news, CFO Mary Kathryn Riskey sold 2,150 shares of Two Harbors Investment stock in a transaction on Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $26,445.00. Following the transaction, the chief financial officer now directly owns 83,605 shares of the company’s stock, valued at approximately $1,028,341.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Two Harbors Investment news, CFO Mary Kathryn Riskey sold 2,150 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $26,445.00. Following the transaction, the chief financial officer now directly owns 83,605 shares of the company’s stock, valued at approximately $1,028,341.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Ross Greenberg sold 7,170 shares of the business’s stock in a transaction on Friday, February 9th. The shares were 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 directly owns 264,079 shares in the company, valued at $3,248,171.70. The disclosure for this sale can be found here. Insiders have sold 13,752 shares of company stock valued at $169,150 in the last ninety days. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Two Harbors Investment

Several institutional investors have recently bought and sold shares of the company. Triumph Capital Management grew its stake in shares of Two Harbors Investment by 4.3% during the 4th quarter. Triumph Capital Management now owns 21,795 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 896 shares during the period. Howard Financial Services LTD. grew its stake in shares of Two Harbors Investment by 2.3% during the 1st quarter. Howard Financial Services LTD. now owns 39,657 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 903 shares during the period. Teamwork Financial Advisors LLC grew its stake in shares of Two Harbors Investment by 7.0% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 15,786 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 1,034 shares during the period. AE Wealth Management LLC grew its stake in shares of Two Harbors Investment by 7.0% during the 3rd quarter. AE Wealth Management LLC now owns 17,020 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 1,113 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Two Harbors Investment by 3.7% during the 4th quarter. New York State Common Retirement Fund now owns 40,453 shares of the real estate investment trust’s stock worth $564,000 after purchasing an additional 1,459 shares during the period. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Stock Down 0.9 %

Shares of Two Harbors Investment stock opened at $12.36 on Tuesday. Two Harbors Investment has a 52-week low of $9.83 and a 52-week high of $14.59. The company has a 50 day moving average of $12.64 and a 200 day moving average of $12.94. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $1.28 billion, a P/E ratio of -6.18 and a beta of 1.87.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.56%. Two Harbors Investment’s payout ratio is -90.00%.

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.