Two Harbors Investment Corp. (NYSE:TWO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Two Harbors Investment Corp. (NYSE:TWO) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $14.90.

A number of equities analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price target on shares of Two Harbors Investment in a research note on Wednesday, August 28th. UBS Group raised shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.50 to $14.50 in a report on Friday, June 7th. Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Finally, StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Friday.

Institutional Investors Weigh In On Two Harbors Investment

A number of hedge funds have recently made changes to their positions in TWO. Vanguard Group Inc. raised its holdings in shares of Two Harbors Investment by 10.7% during the first quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after buying an additional 1,135,012 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Two Harbors Investment by 155.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock valued at $18,516,000 after buying an additional 801,837 shares during the last quarter. Norges Bank bought a new stake in shares of Two Harbors Investment during the fourth quarter valued at approximately $8,829,000. Van ECK Associates Corp raised its holdings in shares of Two Harbors Investment by 48.2% during the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock valued at $11,324,000 after buying an additional 278,666 shares during the last quarter. Finally, LifePro Asset Management bought a new stake in Two Harbors Investment during the second quarter worth approximately $2,036,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Up 0.0 %

NYSE:TWO opened at $14.09 on Friday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 7.91 and a beta of 1.86. Two Harbors Investment has a one year low of $9.83 and a one year high of $14.59. The stock has a 50-day simple moving average of $13.73 and a 200 day simple moving average of $13.11. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $115.95 million during the quarter. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. During the same quarter last year, the business posted ($0.04) earnings per share. Sell-side analysts predict that Two Harbors Investment will post 0.46 EPS for the current fiscal year.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.