Two Harbors Investments Corp (TWO) Given Average Rating of “Buy” by Brokerages
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.
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.
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