Two Harbors Investment’s (TWO) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Two Harbors Investment (NYSE:TWO) in a research note published on Thursday,Benzinga reports. They currently have a $14.00 price target on the real estate investment trust’s stock.

Several other brokerages have also commented on TWO. Royal Bank of Canada decreased their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered 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. Compass Point reduced 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. Finally, StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.54.

Two Harbors Investment Trading Down 0.4 %

NYSE TWO opened at $11.81 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment has a 52 week low of $10.84 and a 52 week high of $14.27. The business’s fifty day simple moving average is $11.71 and its 200-day simple moving average is $12.72.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $112.64 million during the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter last year, the firm earned ($0.01) EPS. On average, equities research analysts predict that Two Harbors Investment will post 0.47 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be given a $0.45 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 15.25%. Two Harbors Investment’s dividend payout ratio is presently -37.34%.

Insider Buying and Selling

In other news, insider Rebecca B. Sandberg sold 3,785 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.14, for a total transaction of $42,164.90. Following the sale, the insider now owns 152,378 shares of the company’s stock, valued at approximately $1,697,490.92. This trade represents a 2.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CIO Nicholas Letica sold 5,737 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total transaction of $64,713.36. Following the completion of the transaction, the executive now owns 168,935 shares in the company, valued at $1,905,586.80. This represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,754 shares of company stock valued at $333,307 in the last three months. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. KBC Group NV raised its stake in 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 worth $78,000 after acquiring an additional 3,077 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Two Harbors Investment by 97.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust’s stock worth $687,000 after purchasing an additional 28,607 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 3,391 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment in the 3rd quarter valued at about $64,000. Finally, Geode Capital Management LLC boosted its position in shares of Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after purchasing an additional 48,264 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

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.