Two Harbors Investment Corp. (NYSE: TWO – Get a rating) has been assigned an average rating of “Hold” by the eight analysts who currently cover the stock, MarketBeat reports. Six equity research analysts rated the stock with a hold recommendation and one gave the company a buy recommendation. The 1-year average price target among brokers who have reported on the stock in the past year is $5.81.
A number of stock analysts have recently weighed in on TWO stocks. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a Tuesday, May 10 research note. JPMorgan Chase & Co. lowered its price target on Two Harbors Investment from $6.50 to $5.00 and set a “neutral” rating for the company in a Monday, April 25 research note. Finally, Credit Suisse Group lowered its price target on Two Harbors Investment from $6.00 to $5.25 and set a “neutral” rating for the company in a Tuesday, March 8 research note.
Shares of TWO opened at $5.19 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt ratio of 0.44. The company has a 50-day simple moving average of $5.14 and a two-hundred-day simple moving average of $5.44. The stock has a market capitalization of $1.79 billion, a price-earnings ratio of 14.03 and a beta of 1.65. Two Harbors Investment has a 52-week low of $4.71 and a 52-week high of $8.15.
Two Harbors Investment (NYSE: TWO – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The real estate investment trust reported earnings per share of $0.18 for the quarter, missing consensus analyst estimates of $0.20 per ($0.02). The company posted revenue of $22.53 million in the quarter, compared to a consensus estimate of $27.42 million. Two Harbors Investment earned a return on equity of 16.21% and a net margin of 147.67%. The company’s revenue was down 32.5% year over year. During the same period last year, the company achieved EPS of $0.17. On average, stock analysts expect Two Harbors Investment to post 0.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29. Shareholders of record on Monday, April 4 received a dividend of $0.17 per share. The ex-dividend date was Friday, April 1. This represents a dividend of $0.68 on an annualized basis and a yield of 13.10%. Two Harbors Investment’s dividend payout ratio (DPR) is currently 183.78%.
In other news, CEO William Ross Greenberg sold 34,955 shares in a trade that took place on Friday, May 20. The stock was sold at an average price of $4.99, for a total value of $174,425.45. Following the sale, the CEO now directly owns 527,005 shares of the company, valued at $2,629,754.95. The sale was disclosed in an SEC filing, available at this link. Also, CFO Mary Kathryn Riskey sold 15,114 shares in a trade that took place on Friday, May 20. The stock was sold at an average price of $4.97, for a total value of $75,116.58. Following the completion of the sale, the CFO now owns 221,223 shares of the company, valued at $1,099,478.31. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 86,421 shares of the company worth $431,131. Insiders of the company hold 0.42% of the shares of the company.
Several hedge funds and other institutional investors have recently changed their holdings in the company. National Bank of Canada FI bought a new position in Two Harbors Investment during the 4th quarter at a value of $28,000. GPS Wealth Strategies Group LLC bought a new position in Two Harbors Investment during Q1 for $39,000. ML&R Wealth Management LLC bought a new position in Two Harbors Investment during Q1 worth $55,000. Satovsky Asset Management LLC bought a new position in Two Harbors Investment during Q1 worth $55,000. Finally, Sequoia Financial Advisors LLC bought a new position in Two Harbors Investment during Q1 worth $58,000. Hedge funds and other institutional investors own 68.67% of the company’s shares.
Two Harbors Investment Company Profile (Get a rating)
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing, funding and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights and others financial assets in the United States. States. Its target assets include agency RMBS secured by fixed rate mortgages, adjustable rate mortgages and hybrid adjustable rate mortgages (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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