Two Harbors Investments Corp (NYSE:TWO) Given Average Rating of “Hold” by Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have earned an average rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $11.9583.

Several brokerages recently issued reports on TWO. JPMorgan Chase & Co. lifted their price objective on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. UBS Group cut their price target on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. Wall Street Zen upgraded Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday, December 1st. Finally, Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th.

Hedge Funds Weigh In On Two Harbors Investments

Institutional investors and hedge funds have recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Two Harbors Investments during the third quarter worth $25,000. Quarry LP grew its holdings in Two Harbors Investments by 695.6% in the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 2,991 shares during the period. AlphaQuest LLC increased its stake in shares of Two Harbors Investments by 240.4% during the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 2,380 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Two Harbors Investments during the 3rd quarter valued at about $42,000. Finally, CWM LLC lifted its holdings in shares of Two Harbors Investments by 456.0% during the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 4,482 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

Two Harbors Investments stock opened at $9.92 on Friday. The firm has a market capitalization of $1.03 billion, a PE ratio of -3.97 and a beta of 1.20. Two Harbors Investments has a 52 week low of $9.30 and a 52 week high of $14.28. The firm’s 50-day simple moving average is $9.81 and its 200 day simple moving average is $10.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.13.

Two Harbors Investments (NYSE:TWO) last announced its earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter. Two Harbors Investments had a negative net margin of 44.10% and a positive return on equity of 11.92%. The company had revenue of ($18.67) million during the quarter. On average, equities research analysts predict that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Two Harbors Investments 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.