According to a report on Bloomberg.com, the seven research firms following the company have given the shares of Two Harbors Investment Corp. (NYSE: TWO) an average rating of “Hold,” suggesting that investors should maintain their current holdings of the stock. One of the analysts has given a buy rating to the stock, even though the investment analysts’ recommendation is to maintain a hold position. The price objective of $17.00 per share for the next year that has been assigned to the stock by brokers who graded the stock the year prior is the average price objective for the stock.
A significant number of studies and analyst reports have been completed concerning TWO. JMP Securities rated the company as “market outperform” and decreased their target price for Two Harbors Investment from $22.00 to $16.00 in a research note published on Thursday, October 20. Additionally, the company was mentioned in the “outperform” rating. Credit Suisse Group announced on Thursday, October 13, in a research note published online. In the note, they said they would decrease their target price for Two Harbors Investment to $17.00. The rating for Two Harbors Investment was upgraded from “sell” to “hold” in a research note published by StockNews.com on November 11 and was available for public consumption. Barclays increased their price objective for Two Harbors Investment in a research report published on November 10. The new price objective is $16.00, a significant increase from the previous price objective of $5.00. In conclusion, the Royal Bank of Canada lowered its price objective on Two Harbors Investment from $18.00 to $16.00 in a research note published on November 17. In addition, they changed the status of the business from “outperform” to “sector perform.”
Two were available on Friday at an opening price of $17.78. During the past year, the price of Two Harbors Investment has fluctuated between $12.12 and $23.00, with a low of $12.12 and a high of $23.00, respectively. The company’s simple moving average price over the past 50 days is $16.34, and the company’s simple moving average price over the past 200 days is $17.16. The debt-to-equity ratio was calculated to be 0.98, the quick ratio was calculated to be 1.08, and the current ratio was also calculated to be 1.08. The market value of the company’s stock is $1.54 billion, based on its price-to-earnings ratio of 3.95 and its beta value of 1.65, respectively.
In addition, the corporation has announced the payment of a quarterly dividend, which will take place on the 27th of this month (Friday). Shareholders who are “recorded” as having ownership as of January 5 will be eligible to receive a dividend payment of $0.60 per share. This results in a dividend payment of $2.40 when calculated on an annualized basis, with a dividend yield of 13.50%. On January 4, a Wednesday, there is a deadline for the dividend payment that has been declared. The payout ratio comes in at 53.33 percent of total assets at Two Harbors Investment.
During recent years, significant shareholders in the company have been active in taking action to bring about change. During the second quarter of the fiscal year, CoreCap Advisors LLC made a new investment in Two Harbors Investment for $26,000. SeaCrest Wealth Management LLC made $28,000 in Two Harbors Investment during the year’s second quarter. This investment was to acquire a holding. During the third quarter, Guardian Wealth Advisors LLC opened a new position that included investing $30,000 in Two Harbors Investment. This was part of the new position. Meeder Asset Management Inc. increased the proportion of Two Harbors Investment in which it is invested by 110.0% during the year’s second quarter. Meeder Asset Management Inc. currently holds a total of 6,669 shares in the REIT, with a value of $33,000. Compared to their previous holdings, this represents an increase of 3,493 shares. Finally, during the third quarter of the fiscal year, SOL Capital Management CO made a new holding investment in Two Harbors Investment for $33,000.
REIT Two Harbors Investment Corp. invests in, financing, and managing agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Additionally, the company manages other financial assets. Additionally, the company manages a variety of other types of financial assets. The company has decided that its long-term objective will be to provide risk-adjusted returns to its stockholders, the primary manifestation of which will be dividend payments, and the second manifestation will be an increase in the company’s capital.