Two Harbors Investment (NYSE:TWO) Given New $14.75 Price Target at Compass Point

Two Harbors Investment (NYSE:TWO) had its price target trimmed by Compass Point from $15.75 to $14.75 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. JMP Securities reduced their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada reduced their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Janney Montgomery Scott initiated coverage on Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price target on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.18.

Two Harbors Investment Price Performance

Shares of NYSE TWO opened at $11.75 on Monday. Two Harbors Investment has a 1-year low of $11.28 and a 1-year high of $14.59. The business has a 50-day moving average of $12.51 and a 200-day moving average of $13.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -2.44 and a beta of 1.87.

Two Harbors Investment (NYSE:TWO) last issued 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). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The company had revenue of $112.64 million during the quarter. During the same period last year, the firm earned ($0.01) earnings per share. On average, equities analysts anticipate that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 15.32%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s payout ratio is currently -37.34%.

Institutional Trading of Two Harbors Investment

Several institutional investors and hedge funds have recently bought and sold shares of TWO. Van ECK Associates Corp raised its position in shares of Two Harbors Investment by 48.2% during the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock worth $11,324,000 after purchasing an additional 278,666 shares during the period. Phocas Financial Corp. acquired a new stake in shares of Two Harbors Investment during the 3rd quarter worth approximately $3,505,000. Price T Rowe Associates Inc. MD raised its position in shares of Two Harbors Investment by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock worth $1,188,000 after purchasing an additional 5,284 shares during the period. TrueMark Investments LLC acquired a new stake in shares of Two Harbors Investment during the 2nd quarter worth approximately $577,000. Finally, International Assets Investment Management LLC raised its position in shares of Two Harbors Investment by 1,392.7% during the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after purchasing an additional 180,516 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

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.