Two Harbors Investment Corp. (NYSE:TWO) shares traded -0.76% lower at $15.77 on Wall Street last session.
In accordance with the data, 9 analysts cover Two Harbors Investment Corp. (NYSE:TWO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $17.50 and a low of $15.00, we find $16.25. Given the previous closing price of $15.89, this indicates a potential upside of 2.27 percent. TWO stock price is now 2.14% away from the 50-day moving average and -14.50% away from the 200-day moving average. The market capitalization of the company currently stands at $1.37B.
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It has been rated a hold by 8 analysts and a buy by 1. Brokers who have rated the stock have averaged $16.33 as their price target over the next twelve months.
With the price target reduced from $18 to $16, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for Two Harbors Investment Corp. (NYSE: TWO). On January 04, 2022, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $5.50, while ‘Credit Suisse’ rates the stock as ‘Neutral’.
In other news, Sandberg Rebecca B, General Counsel and Secretary sold 17,139 shares of the company’s stock on May 20. The stock was sold for $85,452 at an average price of $4.99. Upon completion of the transaction, the General Counsel and Secretary now directly owns 329,865 shares in the company, valued at $5.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20, Chief Financial Officer RISKEY MARY KATHRYN sold 15,114 shares of the business’s stock. A total of $75,068 was realized by selling the stock at an average price of $4.97. This leaves the insider owning 221,223 shares of the company worth $3.49 million. Insiders disposed of 128,361 shares of company stock worth roughly $2.02 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TWO stock. A new stake in Two Harbors Investment Corp. shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $7,442,000. K2 PRINCIPAL FUND, L.P. invested $5,340,000 in shares of TWO during the first quarter. In the first quarter, SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in Two Harbors Investment Corp. valued at approximately $2,315,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in TWO for approximately $1,581,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP purchased a new stake in TWO valued at around $944,000 in the second quarter. In total, there are 341 active investors with 65.00% ownership of the company’s stock.
Two Harbors Investment Corp. (NYSE: TWO) opened at $15.71 on Friday. During the past 12 months, Two Harbors Investment Corp. has had a low of $12.12 and a high of $24.00. The fifty day moving average price for TWO is $15.50 and a two-hundred day moving average price translates $18.42 for the stock.
The latest earnings results from Two Harbors Investment Corp. (NYSE: TWO) was released for Jun, 2022. According to the REIT – Mortgage Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.18 by 0.04. This compares to $0.66 EPS in the same period last year. The net profit margin was 78.60% and return on equity was 39.90% for TWO. The company reported revenue of $94.39 million for the quarter, compared to $36.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 161.9 percent. For the current quarter, analysts expect TWO to generate $23.64M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/27/2023. Investors who held shares on 01/05/2023 were paid a $0.60 dividend. On an annualized basis, this represents a $2.40 dividend and a 15.22% percent yield. There was an ex-dividend date of 01/04/2023 for this dividend. In terms of dividend payout ratio, TWO is presently at 32.60%.
Two Harbors Investment Corp.(TWO) Company Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, 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 collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.
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