Two Harbors Investment Corp. (NYSE:TWO – Get Rating ) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $5.65.
Separately, JMP Securities reaffirmed a “buy” rating and issued a $5.50 target price on shares of Two Harbors Investment in a research note on Wednesday, July 6th.
Institutional Investment Trading in Two Harbors
Several institutional investors have recently added to or reduced their stakes in TWO. Envestnet Asset Management Inc. raised its stake in Two Harbors Investment by 97.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 45,033 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 22,213 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Two Harbors Investment by 20.8% in the 4th quarter. Teacher Retirement System of Texas now owns 60,247 shares of the real estate investment trust’s stock valued at $348,000 after buying an additional 10,370 shares in the last quarter. Citigroup Inc. raised its stake in Two Harbors Investment by 14.1% during the 4th quarter. Citigroup Inc. now owns 1,297,513 shares of the real estate investment trust’s stock valued at $7,487,000 after buying an additional 160,293 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Two Harbors Investment in the 4th quarter valued at $576,000. Finally, Rhumbline Advisers boosted its stake in Two Harbors Investment by 9.7% in the 4th quarter. Rhumbline Advisers now owns 963,203 shares of the real estate investment trust’s stock valued at $5,558,000 after buying an additional 84,980 shares in the last quarter. 63.99% of the shares are currently owned by hedge funds and other institutional investors.
Two Harbors Investment shares rose 0.2%
Shares of NYSE:TWO opened at $4.81 on Monday. Two Harbors Investment has a 52-week low of $4.26 and a 52-week high of $6.81. The firm has a market cap of $1.66 billion, a P/E ratio of 8.02 and a beta of 1.59. The stock has a 50-day moving average of $5.00 and a 200-day moving average of $5.07. The company has a debt-to-equity ratio of 0.62, a quick earnings ratio of 1.21, and a current ratio of 1.21.
Two Harbors Investment announces dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Tuesday, July 5th were given a $0.17 dividend. The ex-dividend date was Friday, July 1st. This represents a $0.68 annual dividend and a dividend yield of 14.14%. Two Harbors Investment’s payout ratio is currently 113.33%.
About Two Harbors Investment
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing, financing and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights and other financial assets in the united states. Its target assets include agency RMBS backed by fixed rate mortgages, adjustable rate mortgages and adjustable rate hybrid mortgages (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and unhedged transactions.
This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Two Harbors Investment, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes a nosedive … and Two Harbors Investment wasn’t on the list.
While Two Harbors Investment currently has a “Hold” rating among analysts, the top-rated analysts think these five stocks are better buys.
Check out the five stocks here