Shares of Two Harbors Investment Corp (NYSE:TWO) have been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $18.00.
TWO has been the topic of a number of analyst reports. B. Riley set a $17.00 price target on Two Harbors Investment and gave the stock a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research raised Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Saturday, January 20th. Finally, ValuEngine cut Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.
In other news, CFO Brad Farrell sold 24,761 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $15.17, for a total transaction of $375,624.37. Following the transaction, the chief financial officer now directly owns 284,978 shares of the company’s stock, valued at $4,323,116.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Mary Kathryn Riskey sold 3,186 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $15.16, for a total value of $48,299.76. Following the transaction, the chief accounting officer now directly owns 40,624 shares in the company, valued at $615,859.84. The disclosure for this sale can be found here. Insiders have sold 81,903 shares of company stock worth $1,241,847 over the last three months. Insiders own 1.16% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB bought a new stake in shares of Two Harbors Investment during the fourth quarter valued at approximately $256,000. Belpointe Asset Management LLC bought a new stake in shares of Two Harbors Investment during the fourth quarter valued at approximately $532,000. Jane Street Group LLC boosted its position in shares of Two Harbors Investment by 80.4% during the fourth quarter. Jane Street Group LLC now owns 20,714 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 9,230 shares in the last quarter. Bramshill Investments LLC bought a new stake in shares of Two Harbors Investment during the fourth quarter valued at approximately $1,023,000. Finally, Two Sigma Securities LLC bought a new stake in Two Harbors Investment in the fourth quarter worth $219,000. Institutional investors own 68.53% of the company’s stock.
Shares of Two Harbors Investment (TWO) traded up $0.11 during trading on Wednesday, reaching $15.75. The company’s stock had a trading volume of 2,824,110 shares, compared to its average volume of 1,610,267. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2,743.86, a PE ratio of 8.75 and a beta of 0.35. Two Harbors Investment has a 1-year low of $13.85 and a 1-year high of $17.29.
Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. The business had revenue of $100.31 million for the quarter, compared to analysts’ expectations of $112.40 million. Two Harbors Investment had a return on equity of 10.60% and a net margin of 41.26%. During the same period in the previous year, the firm earned $0.24 EPS. sell-side analysts forecast that Two Harbors Investment will post 1.88 earnings per share for the current year.
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Two Harbors Investment Company Profile
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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