Two Harbors Investment (NYSE:TWO) Upgraded at StockNews.com

StockNews.com upgraded shares of Two Harbors Investment (NYSE:TWO) from a sell rating to a hold rating in a research note released on Thursday.

Other equities analysts have also recently issued reports about the stock. Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a buy rating and a $15.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Two Harbors Investment from $12.50 to $13.00 and gave the company a neutral rating in a research note on Tuesday, July 16th. UBS Group upgraded Two Harbors Investment from a neutral rating to a buy rating and boosted their price objective for the stock from $13.50 to $14.50 in a research note on Friday, June 7th. Finally, JMP Securities restated a market outperform rating and issued a $15.00 target price on shares of Two Harbors Investment in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $14.90.

Two Harbors Investment Trading Up 1.4 %

Shares of Two Harbors Investment stock opened at $14.02 on Thursday. Two Harbors Investment has a fifty-two week low of $9.83 and a fifty-two week high of $14.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $1.45 billion, a P/E ratio of 7.88 and a beta of 1.86. The firm has a 50-day simple moving average of $13.64 and a two-hundred day simple moving average of $13.08.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $115.95 million for the quarter. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. During the same quarter in the prior year, the company posted ($0.04) EPS. As a group, equities analysts predict that Two Harbors Investment will post 0.46 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Friday, July 5th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $1.80 annualized dividend and a yield of 12.84%. Two Harbors Investment’s payout ratio is 101.12%.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 2,100 shares during the period. Cape Investment Advisory Inc. acquired a new position in Two Harbors Investment in the 4th quarter valued at about $58,000. Global Retirement Partners LLC increased its stake in Two Harbors Investment by 67.5% during the first quarter. Global Retirement Partners LLC now owns 5,243 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 2,112 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Two Harbors Investment by 38.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 2,306 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in shares of Two Harbors Investment in the second quarter valued at approximately $144,000. 64.19% of the stock is currently 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.