Two Harbors Investment Corp. (NYSE:TWO) Given Consensus Rating of “Hold” by Analysts

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $14.57.

TWO has been the topic of several research reports. JPMorgan Chase & Co. reduced their target price on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. TheStreet cut shares of Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price target on shares of Two Harbors Investment in a research note on Thursday, April 18th. Finally, Jonestrading began coverage on shares of Two Harbors Investment in a research note on Friday, March 22nd. They issued a “hold” rating for the company.

Insiders Place Their Bets

In other news, CFO Mary Kathryn Riskey sold 3,870 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $12.68, for a total transaction of $49,071.60. Following the transaction, the chief financial officer now owns 79,735 shares of the company’s stock, valued at $1,011,039.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Two Harbors Investment news, Director Stephen G. Kasnet sold 12,790 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.02, for a total value of $166,525.80. Following the completion of the sale, the director now directly owns 97,569 shares of the company’s stock, valued at approximately $1,270,348.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mary Kathryn Riskey sold 3,870 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $12.68, for a total transaction of $49,071.60. Following the transaction, the chief financial officer now directly owns 79,735 shares in the company, valued at $1,011,039.80. The disclosure for this sale can be found here. Insiders sold a total of 29,335 shares of company stock valued at $376,316 over the last 90 days. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TWO. Price T Rowe Associates Inc. MD grew its position in shares of Two Harbors Investment by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock worth $1,188,000 after buying an additional 5,284 shares in the last quarter. American International Group Inc. lifted its stake in Two Harbors Investment by 5.9% in the first quarter. American International Group Inc. now owns 55,991 shares of the real estate investment trust’s stock worth $741,000 after acquiring an additional 3,105 shares during the period. Vanguard Group Inc. grew its holdings in Two Harbors Investment by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock worth $154,997,000 after acquiring an additional 1,135,012 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Two Harbors Investment by 12.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 1,798 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Two Harbors Investment by 39.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 38,733 shares of the real estate investment trust’s stock valued at $570,000 after purchasing an additional 10,960 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Trading Up 2.0 %

Shares of TWO opened at $12.57 on Friday. The firm has a market cap of $1.30 billion, a P/E ratio of 7.06 and a beta of 1.85. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.09 and a quick ratio of 1.09. Two Harbors Investment has a 1 year low of $9.83 and a 1 year high of $14.59. The company has a 50 day simple moving average of $12.65 and a two-hundred day simple moving average of $13.12.

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 14.32%. The ex-dividend date of this dividend was Wednesday, April 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is currently 101.12%.

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.