Two Harbors Investment (NYSE:TWO) Price Target Cut to $14.75 by Analysts at Compass Point

Two Harbors Investment (NYSE:TWO) had its target price trimmed by Compass Point from $15.75 to $14.75 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. JMP Securities cut their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They issued a “buy” rating and a $15.00 target price on the stock. StockNews.com downgraded shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. dropped their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.18.

Two Harbors Investment Stock Up 0.8 %

Shares of NYSE TWO opened at $11.75 on Monday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -2.44 and a beta of 1.87. Two Harbors Investment has a 12-month low of $11.28 and a 12-month high of $14.59. The firm’s 50-day moving average price is $12.46 and its 200-day moving average price is $13.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter last year, the firm earned ($0.01) EPS. On average, equities research analysts anticipate that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 15.32%. Two Harbors Investment’s payout ratio is -37.34%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TWO. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 2,100 shares during the last quarter. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment in the third quarter worth $64,000. Simplify Asset Management Inc. purchased a new position in shares of Two Harbors Investment in the third quarter worth $134,000. QRG Capital Management Inc. purchased a new position in shares of Two Harbors Investment in the second quarter worth $144,000. Finally, AQR Capital Management LLC purchased a new position in shares of Two Harbors Investment in the second quarter worth $147,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Company Profile

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.