Two Harbors Investment (NYSE:TWO) Stock Rating Reaffirmed by JMP Securities

JMP Securities restated their market outperform rating on shares of Two Harbors Investment (NYSE:TWO) in a research note published on Wednesday, Benzinga reports. They currently have a $15.00 price target on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on the company. UBS Group upgraded Two Harbors Investment from a neutral rating to a buy rating and increased their price target for the stock from $13.50 to $14.50 in a report on Friday, June 7th. JPMorgan Chase & Co. raised their price target on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a neutral rating in a report on Tuesday, July 16th. Janney Montgomery Scott initiated coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They issued a buy rating and a $15.00 price target for the company. Finally, StockNews.com cut shares of Two Harbors Investment from a hold rating to a sell rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $14.90.

Two Harbors Investment Trading Up 0.7 %

NYSE:TWO opened at $14.16 on Wednesday. The firm has a market cap of $1.47 billion, a P/E ratio of 7.96 and a beta of 1.86. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08. Two Harbors Investment has a 52 week low of $9.83 and a 52 week high of $14.59. The firm’s fifty day moving average is $13.48 and its 200-day moving average is $13.00.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The firm had revenue of $115.95 million during the quarter. During the same period last year, the business posted ($0.04) earnings per share. Equities analysts expect that Two Harbors Investment will post 0.46 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, July 5th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $1.80 annualized dividend and a yield of 12.71%. Two Harbors Investment’s payout ratio is 101.12%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TWO. Northwestern Mutual Wealth Management Co. lifted its position in Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 2,100 shares in the last quarter. Algert Global LLC raised its stake in shares of Two Harbors Investment by 9.7% in the second quarter. Algert Global LLC now owns 118,400 shares of the real estate investment trust’s stock worth $1,564,000 after purchasing an additional 10,422 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Two Harbors Investment by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock valued at $677,000 after purchasing an additional 2,241 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Two Harbors Investment during the second quarter valued at approximately $147,000. Finally, Public Sector Pension Investment Board grew its holdings in Two Harbors Investment by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 227,705 shares of the real estate investment trust’s stock worth $3,008,000 after buying an additional 16,169 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

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.