Two Harbors Investment Corp (NYSE:TWO) Receives Consensus Recommendation of “Buy” from Analysts

Two Harbors Investment Corp (NYSE:TWO) has been given a consensus rating of “Buy” by the eleven analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.59.

A number of brokerages recently commented on TWO. Zacks Investment Research cut Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Compass Point began coverage on Two Harbors Investment in a research note on Monday. They issued a “buy” rating and a $15.20 target price on the stock. Raymond James set a $15.00 target price on Two Harbors Investment and gave the stock a “buy” rating in a report on Wednesday, August 21st. Maxim Group restated a “buy” rating and set a $15.00 target price on shares of Two Harbors Investment in a research report on Thursday, August 8th. Finally, Nomura set a $14.00 price target on Two Harbors Investment and gave the company a “hold” rating in a research note on Wednesday, August 7th.

NYSE TWO traded down $0.03 during trading hours on Friday, hitting $14.65. The company’s stock had a trading volume of 1,583,129 shares, compared to its average volume of 2,427,031. Two Harbors Investment has a twelve month low of $12.06 and a twelve month high of $14.75. The firm has a market capitalization of $4.00 billion, a P/E ratio of 7.44 and a beta of 0.63. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $14.08 and a 200 day moving average of $13.29.

Two Harbors Investment (NYSE:TWO) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.15). The business had revenue of $58.66 million for the quarter, compared to the consensus estimate of $58.40 million. Two Harbors Investment had a negative net margin of 27.98% and a positive return on equity of 12.56%. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, analysts predict that Two Harbors Investment will post 1.51 earnings per share for the current year.

In other Two Harbors Investment news, CEO Thomas Siering bought 4,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost of $14.42 per share, with a total value of $57,680.00. Following the completion of the purchase, the chief executive officer now owns 749,706 shares in the company, valued at $10,810,760.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC boosted its holdings in shares of Two Harbors Investment by 9.3% in the third quarter. Cetera Advisors LLC now owns 16,430 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 1,401 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Two Harbors Investment by 14.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,121,232 shares of the real estate investment trust’s stock worth $27,852,000 after purchasing an additional 259,914 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Two Harbors Investment by 37.5% in the 3rd quarter. California Public Employees Retirement System now owns 586,286 shares of the real estate investment trust’s stock valued at $7,698,000 after purchasing an additional 159,818 shares during the period. Northern Trust Corp boosted its position in shares of Two Harbors Investment by 3.6% during the second quarter. Northern Trust Corp now owns 1,358,493 shares of the real estate investment trust’s stock worth $17,214,000 after buying an additional 47,064 shares during the period. Finally, Morgan Stanley boosted its position in shares of Two Harbors Investment by 0.5% during the second quarter. Morgan Stanley now owns 1,388,547 shares of the real estate investment trust’s stock worth $17,593,000 after buying an additional 7,485 shares during the period. Hedge funds and other institutional investors own 61.71% of the company’s stock.

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.

Further Reading: Why are analyst ratings important in trading stocks?

Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

Receive News & Ratings for Two Harbors Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investment and related companies with MarketBeat.com's FREE daily email newsletter.