Two Harbors Investments Corp (NYSE:TWO) Given Average Recommendation of “Reduce” by Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have received a consensus rating of “Reduce” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $12.8750.

TWO has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Maxim Group cut shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a report on Thursday, December 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday, December 29th. UBS Group lowered Two Harbors Investments from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $11.00 to $14.00 in a research note on Friday, January 23rd. Finally, Zacks Research lowered Two Harbors Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th.

Insider Buying and Selling at Two Harbors Investments

In other news, insider Robert Rush sold 23,594 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $11.43, for a total transaction of $269,679.42. Following the sale, the insider owned 98,207 shares in the company, valued at approximately $1,122,506.01. This trade represents a 19.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO William Dellal sold 7,087 shares of Two Harbors Investments stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $11.44, for a total transaction of $81,075.28. Following the sale, the chief financial officer directly owned 36,703 shares of the company’s stock, valued at $419,882.32. This represents a 16.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 129,389 shares of company stock valued at $1,483,046 over the last quarter. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Two Harbors Investments

A number of large investors have recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Two Harbors Investments in the 3rd quarter worth about $25,000. Quarry LP boosted its stake in Two Harbors Investments by 695.6% in the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,991 shares in the last quarter. AlphaQuest LLC grew its position in Two Harbors Investments by 240.4% during the second quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 2,380 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Two Harbors Investments by 34.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 981 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Two Harbors Investments during the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Stock Performance

Shares of TWO opened at $9.63 on Friday. Two Harbors Investments has a 52-week low of $9.00 and a 52-week high of $14.24. The stock’s 50-day simple moving average is $11.54 and its 200 day simple moving average is $10.52. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -1.97 and a beta of 1.18.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). Two Harbors Investments had a negative net margin of 109.90% and a positive return on equity of 12.00%. The company had revenue of $182.18 million for the quarter, compared to the consensus estimate of ($15.44) million. Research analysts forecast that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Monday, January 5th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 14.1%. The ex-dividend date of this dividend was Monday, January 5th. Two Harbors Investments’s dividend payout ratio (DPR) is currently -27.81%.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.