Two Harbors Investment Corp (NYSE:TWO) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.50.

Several research analysts have recently issued reports on TWO shares. Zacks Investment Research raised Two Harbors Investment from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Saturday, May 12th. ValuEngine cut Two Harbors Investment from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. JPMorgan Chase & Co. increased their price target on Two Harbors Investment from $15.00 to $16.50 and gave the stock a “$15.84” rating in a research note on Monday, July 23rd. Deutsche Bank cut Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Compass Point set a $16.00 price target on Two Harbors Investment and gave the stock a “buy” rating in a research note on Thursday, August 9th.

In other news, CEO Thomas Siering bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was acquired at an average price of $15.41 per share, with a total value of $77,050.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Bender sold 3,460 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $15.60, for a total value of $53,976.00. Following the transaction, the director now directly owns 24,065 shares of the company’s stock, valued at approximately $375,414. The disclosure for this sale can be found here. Company insiders own 1.41% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Two Harbors Investment by 217.8% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,588 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 4,515 shares in the last quarter. Signaturefd LLC bought a new position in Two Harbors Investment during the first quarter valued at about $113,000. James Investment Research Inc. bought a new position in Two Harbors Investment during the second quarter valued at about $118,000. Bank of Montreal Can bought a new position in Two Harbors Investment during the second quarter valued at about $135,000. Finally, Optimum Investment Advisors bought a new position in Two Harbors Investment during the first quarter valued at about $139,000. 65.67% of the stock is owned by institutional investors and hedge funds.

TWO traded down $0.17 during trading on Wednesday, reaching $15.69. 1,721,394 shares of the company were exchanged, compared to its average volume of 1,536,727. The company has a market cap of $3.93 billion, a P/E ratio of 7.54 and a beta of 0.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18. Two Harbors Investment has a 52 week low of $13.85 and a 52 week high of $16.83.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.06. Two Harbors Investment had a return on equity of 11.49% and a net margin of 80.75%. The company had revenue of $172.12 million during the quarter. research analysts anticipate that Two Harbors Investment will post 1.89 earnings per share for the current year.

About Two Harbors Investment

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, hybrid mortgage loans, or derivatives; 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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Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

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