Investment analysts at Raymond James started coverage on shares of Two Harbors Investment (NYSE:TWO) in a report released on Thursday, The Fly reports. The firm set an “outperform” rating on the real estate investment trust’s stock.

Several other research analysts have also weighed in on the company. Zacks Investment Research raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. ValuEngine downgraded Two Harbors Investment from a “sell” rating to a “strong sell” rating in a research note on Friday, September 21st. Barclays set a $17.00 price target on Two Harbors Investment and gave the stock a “buy” rating in a research note on Friday, August 10th. 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. Finally, Deutsche Bank downgraded Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $16.58.

Shares of TWO stock opened at $14.21 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. Two Harbors Investment has a fifty-two week low of $13.85 and a fifty-two week high of $16.83. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 6.83 and a beta of 0.26.

Two Harbors Investment (NYSE:TWO) last issued its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the 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 for the quarter. Equities research analysts expect that Two Harbors Investment will post 1.89 earnings per share for the current fiscal year.

In related news, CEO Thomas Siering purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was bought at an average price of $15.41 per share, for a total transaction of $77,050.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James J. Bender sold 3,460 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $15.60, for a total value of $53,976.00. Following the sale, the director now owns 24,065 shares of the company’s stock, valued at approximately $375,414. The disclosure for this sale can be found here. Corporate insiders own 1.41% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWO. Bank of Montreal Can boosted its stake in Two Harbors Investment by 394.0% during the 3rd quarter. Bank of Montreal Can now owns 42,219 shares of the real estate investment trust’s stock valued at $630,000 after purchasing an additional 33,673 shares during the period. Hudson Valley Investment Advisors Inc. ADV bought a new stake in Two Harbors Investment during the 3rd quarter valued at approximately $192,000. BLB&B Advisors LLC boosted its stake in Two Harbors Investment by 81.9% during the 3rd quarter. BLB&B Advisors LLC now owns 19,968 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 8,993 shares during the period. KAMES CAPITAL plc boosted its stake in Two Harbors Investment by 41.2% during the 3rd quarter. KAMES CAPITAL plc now owns 1,089,143 shares of the real estate investment trust’s stock valued at $16,261,000 after purchasing an additional 317,960 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Two Harbors Investment by 34.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,577 shares of the real estate investment trust’s stock valued at $381,000 after purchasing an additional 6,537 shares during the period. Institutional investors own 46.25% 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, 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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