Two Harbors Investment (NYSE:TWO) Receives Market Outperform Rating from JMP Securities

JMP Securities reissued their market outperform rating on shares of Two Harbors Investment (NYSE:TWO) in a report published on Thursday,Benzinga reports. The firm currently has a $14.00 target price on the real estate investment trust’s stock.

A number of other research firms have also issued reports on TWO. Royal Bank of Canada dropped their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on shares of Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Compass Point dropped their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Two Harbors Investment currently has a consensus rating of “Hold” and a consensus price target of $13.54.

Two Harbors Investment Trading Up 0.1 %

Shares of Two Harbors Investment stock opened at $11.82 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $1.22 billion, a P/E ratio of -2.45 and a beta of 1.83. Two Harbors Investment has a 1 year low of $10.84 and a 1 year high of $14.27. The company’s fifty day moving average is $11.71 and its two-hundred day moving average is $12.71.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The company had revenue of $112.64 million for the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Analysts forecast that Two Harbors Investment will post 0.47 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 15.23%. Two Harbors Investment’s payout ratio is currently -37.34%.

Insider Activity

In related news, insider Rebecca B. Sandberg sold 5,025 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $56,330.25. Following the completion of the transaction, the insider now directly owns 156,163 shares of the company’s stock, valued at $1,750,587.23. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.13, for a total value of $67,225.20. Following the transaction, the executive now directly owns 174,672 shares of the company’s stock, valued at approximately $1,944,099.36. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,754 shares of company stock worth $333,307 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Two Harbors Investment

A number of large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in Two Harbors Investment by 1.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock worth $73,303,000 after acquiring an additional 84,038 shares during the last quarter. State Street Corp increased its stake in shares of Two Harbors Investment by 2.7% during the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after purchasing an additional 102,294 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Two Harbors Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after purchasing an additional 48,264 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Two Harbors Investment by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock worth $20,605,000 after purchasing an additional 33,852 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Two Harbors Investment by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock valued at $3,583,000 after buying an additional 3,391 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

About Two Harbors Investment

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.