Shares of Two Harbors Investment Corp (NYSE:TWO) have been given an average rating of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $15.88.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Friday, April 26th. ValuEngine raised Two Harbors Investment from a “strong sell” rating to a “sell” rating in a report on Friday, May 17th. Finally, Nomura assumed coverage on Two Harbors Investment in a report on Wednesday, March 27th. They issued a “neutral” rating and a $18.00 price objective for the company.
Shares of Two Harbors Investment stock traded up $0.10 on Friday, reaching $12.50. 55,684 shares of the company were exchanged, compared to its average volume of 2,639,064. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 6.33 and a beta of 0.61. Two Harbors Investment has a 1-year low of $12.06 and a 1-year high of $16.27.
Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $82.00 million for the quarter, compared to analysts’ expectations of $84.64 million. Two Harbors Investment had a positive return on equity of 14.23% and a negative net margin of 35.93%. The business’s quarterly revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. Sell-side analysts predict that Two Harbors Investment will post 1.81 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of TWO. Bank of Montreal Can boosted its stake in Two Harbors Investment by 3.0% during the 4th quarter. Bank of Montreal Can now owns 43,489 shares of the real estate investment trust’s stock valued at $558,000 after purchasing an additional 1,270 shares in the last quarter. Strs Ohio boosted its stake in Two Harbors Investment by 8.5% during the 4th quarter. Strs Ohio now owns 40,060 shares of the real estate investment trust’s stock valued at $514,000 after purchasing an additional 3,151 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in Two Harbors Investment by 2.2% during the 4th quarter. Xact Kapitalforvaltning AB now owns 41,296 shares of the real estate investment trust’s stock valued at $530,000 after purchasing an additional 900 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Two Harbors Investment by 5.0% during the 4th quarter. Advisors Asset Management Inc. now owns 1,893,608 shares of the real estate investment trust’s stock valued at $24,314,000 after purchasing an additional 89,688 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Two Harbors Investment by 2.4% during the 4th quarter. Rhumbline Advisers now owns 244,730 shares of the real estate investment trust’s stock valued at $3,142,000 after purchasing an additional 5,745 shares in the last quarter. 62.12% of the stock is owned by hedge funds and other institutional investors.
About Two Harbors Investment
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); non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
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