Two Harbors Investment Corp. (NYSE:TWO – Get Rating) has received an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.65.
Separately, JMP Securities restated a “buy” rating and issued a $5.50 price target on shares of Two Harbors Investment in a research note on Wednesday, July 6th.
Institutional Trading of Two Harbors Investment
Several institutional investors have recently added to or reduced their stakes in TWO. Envestnet Asset Management Inc. boosted its stake in Two Harbors Investment by 97.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 45,033 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 22,213 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Two Harbors Investment by 20.8% during the 4th quarter. Teacher Retirement System of Texas now owns 60,247 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 10,370 shares during the last quarter. Citigroup Inc. boosted its stake in Two Harbors Investment by 14.1% during the 4th quarter. Citigroup Inc. now owns 1,297,513 shares of the real estate investment trust’s stock valued at $7,487,000 after purchasing an additional 160,293 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Two Harbors Investment during the 4th quarter valued at $576,000. Finally, Rhumbline Advisers boosted its stake in Two Harbors Investment by 9.7% during the 4th quarter. Rhumbline Advisers now owns 963,203 shares of the real estate investment trust’s stock valued at $5,558,000 after purchasing an additional 84,980 shares during the last quarter. 63.99% of the stock is currently owned by hedge funds and other institutional investors.
Two Harbors Investment Stock Up 0.2 %
Shares of NYSE:TWO opened at $4.81 on Monday. Two Harbors Investment has a 52-week low of $4.26 and a 52-week high of $6.81. The firm has a market capitalization of $1.66 billion, a P/E ratio of 8.02 and a beta of 1.59. The stock has a 50 day moving average price of $5.00 and a 200-day moving average price of $5.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.21 and a current ratio of 1.21.
Two Harbors Investment Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Tuesday, July 5th were paid a $0.17 dividend. The ex-dividend date was Friday, July 1st. This represents a $0.68 annualized dividend and a dividend yield of 14.14%. Two Harbors Investment’s payout ratio is currently 113.33%.
About Two Harbors Investment
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. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
Further Reading
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