Two Harbors Investment (NYSE:TWO – Get Rating ) is set to release its earnings data after the market closes on Wednesday, February 8th. Analysts expect Two Harbors Investment to post earnings of $0.28 per share for the quarter. Parties wishing to register for the company’s conference call may do so via this link.
Two Harbors Investment Trading up 1.5%
NYSE TWO opened at $17.94 on Wednesday. Two Harbors Investment has a 12-month low of $12.12 and a 12-month high of $23.00. The firm has a market cap of $1.55 billion, a P/E ratio of 3.99 and a beta of 1.65. The business has a fifty day simple moving average of $16.56 and a 200 day simple moving average of $17.07. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.98.
Two Harbors Investment cuts dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 27th. Shareholders of record on Thursday, January 5th were given a $0.60 dividend. The ex-dividend date was Wednesday, January 4th. This represents an annualized dividend of $2.40 and a yield of 13.38%. Two Harbors Investment’s dividend payout ratio (DPR) is currently 53.33%.
Institutional investors consider investments in two ports
A number of hedge funds have recently added to or reduced their stakes in TWO. Sequoia Financial Advisors LLC acquired a new position in shares of Two Harbors Investment in the first quarter valued at $58,000. Glenmede Trust Co. NA boosted its holdings in Two Harbors Investment by 8.9% in the third quarter. Glenmede Trust Co. NA now owns 18,274 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 1,492 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Two Harbors Investment by 4.5% in the third quarter. Captrust Financial Advisors now owns 20,164 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 860 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Two Harbors Investment in the first quarter worth about $68,000. Finally, Kore Private Wealth LLC bought a new stake in shares of Two Harbors Investment in the second quarter worth about $84,000.
Promote and demote an analyst
TWO is the subject of several analyst reports. Credit Suisse Group cut their target price on Two Harbor Investment to $17.00 in a research report on Thursday, October 13th. Barclays boosted their price objective on Two Harbors Investment from $5.00 to $16.00 in a report on Thursday, November 10th. Royal Bank of Canada downgraded Two Harbors Investment from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $18.00 to $16.00 in a report on Thursday, November 17th. JMP Securities boosted their price objective on Two Harbors Investment from $17.50 to $18.00 and gave the company a “market outperform” rating in a report on Thursday, January 26th. Finally, StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.40, based on data from MarketBeat.
About Two Harbors Investment
Two Harbors Investment Corp. is a real estate investment trust that invests, finances and manages residential mortgage-backed securities, mortgage servicing rights and other financial assets. Its objective is to provide risk-adjusted returns to its shareholders over the long term, primarily through dividends and secondarily through capital appreciation.
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