Two Harbors Investment Corporation (NYSE: TWO – Get Rating) stock has had an average rating of “pending” by the seven research firms currently covering the stock, MarketBeat.com reports. Three investment analysts rated the stock with a hold rating and one gave the company a buy rating. Last year, his average 12-month target price for brokers who issued stock ratings is his $17.00.
→ My #1 dividend stock for lifetime earnings. (From Oxford Club)
TWO has been the subject of several research analyst reports. JMP Securities lowered its price target on Two Harbors Investment from $22.00 to $16.00, giving it an “above market” rating in its research notes on Thursday, October 20th. Credit Suisse Group lowered its price target for Two Harbors Investment to $17.00 in a research note on Thursday, October 13th. StockNews.com upgraded Two Harbors Investment’s rating from ‘sell’ to ‘pending’ in its research notes on Friday, November 11th. Barclays increased its price target for Two Harbors Investments from $5.00 to $16.00 in a research note on Thursday 10 November. Finally, in a research note on Thursday, November 17, Royal Bank of Canada downgraded Two Harbors Investment from an ‘outperform’ rating to a ‘sector perform’ rating and lowered the company’s price target from $18.00 to $16.00. I pulled it down.
Two Harbors investment transaction increased by 0.7%
TWO opened Friday at $17.78. Two Harbors Investment has a 12-month low of $12.12 and a 12-month high of $23.00. The company has a 50-day simple moving average of $16.34 and a 200-day simple moving average of $17.16. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt to equity ratio of 0.98. The stock has a market cap of $1.54 billion, a price/earnings ratio of 3.95 and a beta of 1.65.
Investment in Two Harbors cuts dividend
The company recently announced a quarterly dividend payable on Friday, January 27th. Dividends of $0.60 per share will be issued to shareholders of record on Thursday, January 5. This represents his $2.40 dividend and his 13.50% dividend yield on an annual basis. The ex-dividend date is Wednesday, January 4. The Payout Percentage of Two Harbors Investment is 53.33%.
Hedge funds are complicit in investing in two ports
A large investor recently changed its holding in the company. CoreCap Advisors LLC bought a new stake in Two Harbors Investment in the second quarter for $26,000. SeaCrest Wealth Management LLC purchased new shares of Two Harbors Investment in the second quarter for $28,000. Guardian Wealth Advisors LLC purchased new shares of Two Harbors Investment for $30,000 in the third quarter. Meeder Asset Management Inc. increased its position in Two Harbors Investment by 110.0% in the second quarter. Meeder Asset Management Inc. now owns 6,669 shares of real estate investment trusts worth $33,000 after he purchased an additional 3,493 shares during the previous quarter. Finally, SOL Capital Management CO purchased a new stake in Two Harbors Investment for his $33,000 in the third quarter.
Two Harbors Investment Company Profile
(get rating)
Two Harbors Investment Corp. is a real estate investment trust that invests, finances and manages mortgage-backed securities, mortgage servicing rights and other financial assets. Its purpose is to provide shareholders with risk-adjusted returns over the long term, primarily through dividends and secondarily through capital appreciation.
Featured Stories
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.
Hear this before you consider Two Harbors Investment.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified 5 stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Two Harbors Investment is not on the list. was.
Two Harbors Investment is currently rated “Hold” among analysts, but top rated analysts believe these five stocks are better buys.
See 5 stocks here
