Shares of Two Harbors Investment Corp. (NYSE:TWO – Get Rating ) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.81.
Several analysts have recently issued reports on the company. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. JPMorgan Chase & Co. cut their target price on shares of Two Harbors Investment from $6.50 to $5.00 and set a “neutral” rating on the stock in a report on Monday, April 25th. Finally, Credit Suisse Group cut their target price on shares of Two Harbors Investment from $6.00 to $5.25 and set a “neutral” rating for the company in a report on Tuesday, March 8th.
Shares of Two Harbors Investment stock opened at $4.92 on Wednesday. Two Harbors Investment has a twelve month low of $4.26 and a twelve month high of $7.62. The stock has a market cap of $1.69 billion, a P/E ratio of 13.30 and a beta of 1.59. The company’s 50-day moving average is $5.04, and its 200-day moving average is $5.29. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.44.
Two Harbors Investment (NYSE:TWO – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Two Harbors Investment had a net margin of 147.67% and a return on equity of 16.21%. The business had revenue of $22.53 million during the quarter, compared to analyst estimates of $27.42 million. In the same quarter last year, the firm reported $0.17 earnings per share. The company’s quarterly revenues were down 32.5% year-on-year. equities analysts expect that Two Harbors Investment will post 0.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Tuesday, July 5th will be paid a dividend of $0.17 per share. This represents an annualized dividend of $0.68 and a yield of 13.82%. The ex-dividend date is Friday, July 1st. Two Harbors Investment’s dividend payout ratio is 183.78%.
In related news, Director Stephen G. Casnett sold 19,213 shares of Two Harbors Investment stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $5.00, for a total transaction of $96,065.00. Following the sale, the director now directly owns 219,692 shares in the company, valued at approximately $1,098,460. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Also, General Counsel Rebecca B. Sandberg sold 17,139 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $4.99, for a total transaction of $85,523.61. Following the sale, the general counsel now directly owns 329,865 shares in the company, valued at $1,646,026.35. Disclosure of this sale can be found here. Insiders have sold 86,421 shares of company stock worth $431,131 over the last 90 days. Company insiders own 0.42% of the company’s shares.
A number of institutional investors have recently added to or reduced their stakes in TWO. National Bank of Canada FI acquired a new stake in shares of Two Harbors Investment in the fourth quarter worth $28,000. GPS Wealth Strategies Group LLC bought a new position in shares of Two Harbors Investment in the first quarter valued at about $39,000. ML & R Wealth Management LLC acquired a new position in shares of Two Harbors Investment in the first quarter valued at about $55,000. Satovsky Asset Management LLC bought a new stake in shares of Two Harbors Investment in the first quarter valued at about $55,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Two Harbors Investment in the first quarter valued at about $58,000. The hedge funds and other institutional investors own 68.67% of the company’s stock.
Two Harbors Investment Company Profile (Get Rating)
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 countries. Its target assets include agency RMBS backed by fixed rate mortgages, adjustable rate mortgages and hybrid adjustable rate mortgages (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and unhedged transactions.
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