TWO has been the topic of a number of other research reports. Maxim Group reaffirmed a “buy” rating and set a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target on Two Harbors Investment from $14.50 to $13.50 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Zacks Investment Research lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Nomura set a $14.00 price target on Two Harbors Investment and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Raymond James set a $15.00 price target on Two Harbors Investment and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.81.
Shares of TWO traded down $0.23 during mid-day trading on Friday, reaching $13.10. 1,306,213 shares of the company’s stock traded hands, compared to its average volume of 2,702,458. The stock has a market cap of $3.64 billion, a P/E ratio of 6.65 and a beta of 0.63. The stock’s 50-day moving average is $13.22 and its two-hundred day moving average is $13.37. Two Harbors Investment has a 12 month low of $12.06 and a 12 month high of $15.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.12 and a quick ratio of 1.12.
Two Harbors Investment (NYSE:TWO) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $68.59 million for the quarter, compared to the consensus estimate of $63.20 million. Two Harbors Investment had a negative net margin of 57.33% and a positive return on equity of 13.49%. During the same period in the prior year, the company posted $0.49 EPS. Research analysts predict that Two Harbors Investment will post 1.64 earnings per share for the current year.
In related news, CEO Thomas Siering bought 5,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of $13.11 per share, for a total transaction of $65,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Hammond bought 5,600 shares of the stock in a transaction on Thursday, August 22nd. The shares were bought at an average price of $13.30 per share, with a total value of $74,480.00. Following the acquisition, the director now owns 47,262 shares of the company’s stock, valued at $628,584.60. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Phocas Financial Corp. purchased a new stake in shares of Two Harbors Investment during the 2nd quarter valued at $2,694,000. Sandy Spring Bank purchased a new stake in shares of Two Harbors Investment during the 2nd quarter valued at $32,000. Icon Wealth Partners LLC purchased a new stake in shares of Two Harbors Investment during the 1st quarter valued at $41,000. Barnett & Company Inc. purchased a new stake in shares of Two Harbors Investment during the 1st quarter valued at $43,000. Finally, Advisory Services Network LLC lifted its holdings in shares of Two Harbors Investment by 1,900.0% during the 1st quarter. Advisory Services Network LLC now owns 4,000 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors own 61.92% of the company’s stock.
Two Harbors Investment Company Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
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