Two Harbors Investments Corp (NYSE:TWO) Receives $12.75 Consensus Target Price from Analysts

Shares of Two Harbors Investments Corp (NYSE:TWO) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $12.75.

Several research firms recently commented on TWO. Royal Bank Of Canada upped their price target on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, July 17th. 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. Finally, BTIG Research reiterated a “neutral” rating on shares of Two Harbors Investments in a research note on Wednesday, August 26th.

Institutional Trading of Two Harbors Investments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC grew its stake in shares of Two Harbors Investments by 310.6% in the 2nd quarter. Squarepoint Ops LLC now owns 1,748,877 shares of the real estate investment trust’s stock valued at $21,704,000 after purchasing an additional 1,322,962 shares during the last quarter. Governors Lane LP raised its stake in shares of Two Harbors Investments by 225.4% during the second quarter. Governors Lane LP now owns 1,072,123 shares of the real estate investment trust’s stock worth $13,305,000 after purchasing an additional 742,623 shares during the last quarter. Nykredit A S acquired a new stake in shares of Two Harbors Investments during the second quarter worth $30,000. Amundi grew its position in Two Harbors Investments by 26.3% in the 2nd quarter. Amundi now owns 24,529 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 5,109 shares during the last quarter. Finally, Groupe la Francaise purchased a new position in Two Harbors Investments in the 2nd quarter valued at $1,443,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investments Stock Performance

Shares of TWO stock opened at $12.18 on Tuesday. The stock’s 50-day moving average is $12.11 and its two-hundred day moving average is $11.77. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 1.08. Two Harbors Investments has a 1 year low of $11.98 and a 1 year high of $12.19. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -16.46 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $247.57 million during the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. Analysts predict that Two Harbors Investments will post 0.89 earnings per share for the current year.

About Two Harbors Investments

Two Harbors Investment Corp. (NYSE:TWO) is a real estate investment trust (REIT) focused on investing in and managing residential mortgage assets. The company primarily seeks income and long-term returns through a portfolio of mortgage-related investments, with an emphasis on assets backed by residential real estate.

Two Harbors’ investments generally include agency residential mortgage-backed securities (RMBS), which are guaranteed by a U.S. government-sponsored enterprise or government agency, as well as mortgage servicing rights and related interests.