Two Harbors Investments Corp (NYSE:TWO) has received an average rating of “Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.92.

A number of equities research analysts have recently issued reports on the stock. B. Riley restated a “neutral” rating on shares of Two Harbors Investments in a report on Wednesday, November 1st. Maxim Group restated a “buy” rating and set a $20.50 price target on shares of Two Harbors Investments in a report on Tuesday, August 8th. Credit Suisse Group restated a “buy” rating and set a $20.00 price target on shares of Two Harbors Investments in a report on Thursday, August 10th. Barclays boosted their price target on shares of Two Harbors Investments from $10.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research lowered shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th.

In related news, major shareholder Two Harbors Investment Corp. acquired 5,555 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were purchased at an average price of $18.96 per share, for a total transaction of $105,322.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas Siering purchased 3,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $15.30 per share, for a total transaction of $53,550.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 144,144 shares of company stock worth $2,652,253. Company insiders own 1.16% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TWO. Janus Henderson Group PLC increased its stake in shares of Two Harbors Investments by 145.8% during the 3rd quarter. Janus Henderson Group PLC now owns 5,705,879 shares of the real estate investment trust’s stock worth $57,515,000 after purchasing an additional 3,384,072 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Two Harbors Investments by 5,046.7% during the 2nd quarter. Principal Financial Group Inc. now owns 3,179,844 shares of the real estate investment trust’s stock worth $31,512,000 after purchasing an additional 3,118,060 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Two Harbors Investments by 110.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,908,716 shares of the real estate investment trust’s stock worth $58,555,000 after purchasing an additional 3,099,465 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of Two Harbors Investments by 8,595.4% during the 2nd quarter. Martingale Asset Management L P now owns 1,870,116 shares of the real estate investment trust’s stock worth $18,534,000 after purchasing an additional 1,848,609 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in shares of Two Harbors Investments during the 3rd quarter worth $12,781,000.

Shares of Two Harbors Investments (TWO) opened at $16.06 on Monday. Two Harbors Investments has a 1-year low of $13.94 and a 1-year high of $17.29. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.37. The stock has a market cap of $2,802.29, a P/E ratio of 7.68 and a beta of 0.57.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.24. Two Harbors Investments had a net margin of 63.23% and a return on equity of 10.27%. The business had revenue of $115.03 million for the quarter, compared to analyst estimates of $112.87 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. analysts forecast that Two Harbors Investments will post 2.08 EPS for the current fiscal year.

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About Two Harbors Investments

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.

Analyst Recommendations for Two Harbors Investments (NYSE:TWO)

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