Shares of Two Harbors Investment Corporation (NYSE:TWO – Get Rating ) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $5.65.
Several equities research analysts recently commented on the stock. JMP Securities restated a “buy” rating and issued a $5.50 price objective on shares of Two Harbors Investments in a research report on Wednesday, July 6th. StockNews.com upgraded shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th.
Two Harbors investment value performance
Shares of TWO opened at $4.97 on Thursday. Two Harbors Investments has a fifty-two week low of $4.26 and a fifty-two week high of $6.81. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 8.28 and a beta of 1.59. The firm has a 50-day simple moving average of $4.98 and a 200-day simple moving average of $5.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.21 and a current ratio of 1.21.
Two Harbors Investments has announced a dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Tuesday, July 5th were paid a dividend of $0.17 per share. The ex-dividend date for this dividend was Friday, July 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.68%. Two Harbors Investments has a dividend payout ratio (DPR) of 113.33%.
Institutional inflows and outflows
Several hedge funds have recently modified their holdings of TWO. CoreCap Advisors LLC bought a new stake in Two Harbors Investments in the 2nd quarter worth about $26,000. SeaCrest Wealth Management LLC purchased a new stake in Two Harbors Investments during the 2nd quarter valued at approximately $28,000. Meeder Asset Management Inc. grew its stake in Two Harbors Investments by 110.0% in the second quarter. Meeder Asset Management Inc. after acquiring an additional 3,493 shares during the period. Now owns 6,669 shares of the real estate investment trust worth $33,000. GPS Wealth Strategies Group LLC bought a new stake in Two Harbors Investments in the first quarter worth about $39,000. Finally, Glassman Wealth Services bought a new stake in Two Harbors Investments during the 2nd quarter worth approximately $44,000. 68.67% of the stock is owned by hedge funds and other institutional investors.
Two Harbor Investment Company Profile
Two Harbors Investment Corporation operates as a real estate investment trust (REIT) focused on investing in, financing and managing residential mortgage-backed securities (RMBS), non-agency mortgages, mortgage servicing rights, and other financial assets in the United States. States. Its target assets include agency RMBS collateralized by fixed-rate mortgage loans, adjustable-rate mortgage loans, 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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