Two Harbors Investments’ (TWO) “Neutral” Rating Reiterated at BTIG Research

BTIG Research reissued their neutral rating on shares of Two Harbors Investments (NYSE:TWO) in a research note issued to investors on Wednesday morning,Benzinga reports.

Several other equities research analysts have also recently weighed in on TWO. Compass Point reiterated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Royal Bank Of Canada raised their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.75.

Two Harbors Investments Price Performance

Shares of NYSE TWO opened at $12.18 on Wednesday. The stock has a market cap of $1.28 billion, a PE ratio of -16.46 and a beta of 1.04. Two Harbors Investments has a fifty-two week low of $11.98 and a fifty-two week high of $12.19. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a fifty day moving average of $12.13 and a 200-day moving average of $11.61.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%.The business had revenue of $247.57 million for the quarter, compared to analysts’ expectations of $9.45 million. Equities research analysts anticipate that Two Harbors Investments will post 0.89 earnings per share for the current year.

Two Harbors Investments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio is currently -64.86%.

Institutional Trading of Two Harbors Investments

A number of large investors have recently modified their holdings of the business. JNBA Financial Advisors purchased a new position in shares of Two Harbors Investments during the second quarter worth about $48,000. Triumph Capital Management bought a new position in shares of Two Harbors Investments in the second quarter worth approximately $60,000. Nykredit A S purchased a new stake in Two Harbors Investments in the second quarter valued at approximately $61,000. Global Retirement Partners LLC purchased a new stake in Two Harbors Investments in the second quarter valued at approximately $36,000. Finally, Quarry LP lifted its position in Two Harbors Investments by 695.6% during the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,991 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

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.