Two Harbors Investment (NYSE:TWO) has been assigned a $15.00 price objective by analysts at Barclays in a research report issued to clients and investors on Saturday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential upside of 6.08% from the stock’s previous close.
A number of other analysts also recently issued reports on TWO. ValuEngine raised Two Harbors Investment from a “strong sell” rating to a “sell” rating in a research note on Monday, October 29th. TheStreet downgraded Two Harbors Investment from a “c” rating to a “d+” rating in a research note on Thursday. Credit Suisse Group reaffirmed a “hold” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday. Zacks Investment Research downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Two Harbors Investment currently has a consensus rating of “Hold” and an average target price of $15.63.
Shares of TWO stock opened at $14.14 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 7.18 and a beta of 0.56. Two Harbors Investment has a fifty-two week low of $12.63 and a fifty-two week high of $16.27.
Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Wednesday, February 6th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $89.65 million for the quarter, compared to analyst estimates of $106.46 million. Two Harbors Investment had a positive return on equity of 13.78% and a negative net margin of 4.12%. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Sell-side analysts expect that Two Harbors Investment will post 1.91 EPS for the current year.
In related news, CFO Brad Farrell sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $14.28, for a total transaction of $57,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Roth sold 58,040 shares of the firm’s stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $14.46, for a total value of $839,258.40. Following the sale, the insider now directly owns 730,122 shares of the company’s stock, valued at $10,557,564.12. The disclosure for this sale can be found here. Insiders sold a total of 132,572 shares of company stock valued at $1,916,447 over the last ninety days. Corporate insiders own 1.41% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc grew its position in Two Harbors Investment by 44.9% in the 3rd quarter. Vanguard Group Inc now owns 21,929,421 shares of the real estate investment trust’s stock valued at $327,406,000 after acquiring an additional 6,798,312 shares in the last quarter. Vanguard Group Inc. grew its position in Two Harbors Investment by 44.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,929,421 shares of the real estate investment trust’s stock valued at $327,406,000 after acquiring an additional 6,798,312 shares in the last quarter. State Treasurer State of Michigan grew its position in Two Harbors Investment by 37.8% in the 3rd quarter. State Treasurer State of Michigan now owns 11,552,142 shares of the real estate investment trust’s stock valued at $172,473,000 after acquiring an additional 3,170,000 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. grew its position in Two Harbors Investment by 79.2% in the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 5,652,380 shares of the real estate investment trust’s stock valued at $84,390,000 after acquiring an additional 2,498,679 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Two Harbors Investment in the 3rd quarter valued at about $32,716,000. 60.95% 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, hybrid mortgage loans, or derivatives; 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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