Analysts Set Two Harbors Investment Corp. (NYSE:TWO) Target Price at $13.96

Two Harbors Investment Corp. (NYSE:TWO) has been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $13.96.

A number of research firms recently commented on TWO. JPMorgan Chase & Co. raised their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Compass Point decreased their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. JMP Securities restated a “market outperform” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a report on Thursday, January 23rd. Finally, Royal Bank of Canada lifted their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th.

Insider Buying and Selling

In other news, CIO Nicholas Letica sold 6,040 shares of the firm’s 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 completion of the sale, the executive now owns 174,672 shares of the company’s stock, valued at $1,944,099.36. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Rebecca B. Sandberg sold 5,025 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total value of $56,330.25. Following the transaction, the insider now directly owns 156,163 shares in the company, valued at $1,750,587.23. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,136 shares of company stock valued at $377,154. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Two Harbors Investment

Several institutional investors and hedge funds have recently bought and sold shares of TWO. Sterling Capital Management LLC boosted its holdings in shares of Two Harbors Investment by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 2,963 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in Two Harbors Investment in the 4th quarter worth approximately $40,000. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment during the 3rd quarter valued at $64,000. KBC Group NV grew its holdings in shares of Two Harbors Investment by 86.5% during the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 3,077 shares in the last quarter. Finally, Wolverine Trading LLC increased its stake in shares of Two Harbors Investment by 866.3% in the fourth quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 9,443 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Trading Up 0.5 %

Shares of TWO stock opened at $13.77 on Monday. Two Harbors Investment has a 1 year low of $10.84 and a 1 year high of $14.27. The firm has a market capitalization of $1.43 billion, a PE ratio of 6.52 and a beta of 1.84. The stock has a fifty day moving average of $12.16 and a two-hundred day moving average of $12.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. As a group, research analysts expect that Two Harbors Investment will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Friday, January 3rd were given a $0.45 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.08%. Two Harbors Investment’s dividend payout ratio (DPR) is 85.31%.

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.