Two Harbors Investments (NYSE:TWO) Given Neutral Rating at BTIG Research

Two Harbors Investments (NYSE:TWO)‘s stock had its “neutral” rating reiterated by analysts at BTIG Research in a research note issued on Wednesday,Benzinga reports.

TWO has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, July 17th. Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Royal Bank Of Canada lifted their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Compass Point reissued a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Finally, Weiss Ratings raised shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.75.

Two Harbors Investments Price Performance

Shares of NYSE TWO opened at $12.18 on Wednesday. The firm has a 50-day simple moving average of $12.14 and a 200-day simple moving average of $11.59. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -16.46 and a beta of 1.04. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85. Two Harbors Investments has a 52 week low of $11.98 and a 52 week high of $12.19.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $247.57 million during the quarter, compared to analysts’ expectations of $9.45 million. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. On average, equities analysts predict that Two Harbors Investments will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its position in shares of Two Harbors Investments by 695.6% during the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 2,991 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Two Harbors Investments in the second quarter valued at $36,000. Smartleaf Asset Management LLC lifted its stake in Two Harbors Investments by 34.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 981 shares in the last quarter. Advisory Services Network LLC acquired a new position in Two Harbors Investments during the 3rd quarter worth about $42,000. Finally, JNBA Financial Advisors purchased a new position in Two Harbors Investments during the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.