Two Harbors Investment Corp (NYSE:TWO) has earned an average rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.00.
A number of research analysts have recently issued reports on the company. ValuEngine downgraded Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research raised Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Saturday, January 13th. Finally, B. Riley set a $17.00 price target on Two Harbors Investment and gave the company a “buy” rating in a report on Thursday, February 8th.
Two Harbors Investment (TWO) traded up $0.11 during trading on Wednesday, reaching $15.75. The company’s stock had a trading volume of 2,824,110 shares, compared to its average volume of 1,610,267. The company has a market capitalization of $2,743.86, a P/E ratio of 8.75 and a beta of 0.35. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. Two Harbors Investment has a twelve month low of $13.85 and a twelve month high of $17.29.
In related news, insider William Roth sold 44,028 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $15.16, for a total transaction of $667,464.48. Following the completion of the sale, the insider now owns 744,845 shares in the company, valued at $11,291,850.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Rebecca B. Sandberg sold 9,308 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.16, for a total value of $141,109.28. Following the sale, the general counsel now owns 128,308 shares of the company’s stock, valued at approximately $1,945,149.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,903 shares of company stock worth $1,241,847. Corporate insiders own 1.16% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its position in Two Harbors Investment by 6.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,954,726 shares of the real estate investment trust’s stock valued at $19,704,000 after acquiring an additional 117,400 shares during the last quarter. New York State Common Retirement Fund increased its position in Two Harbors Investment by 3.6% during the third quarter. New York State Common Retirement Fund now owns 888,287 shares of the real estate investment trust’s stock valued at $8,954,000 after acquiring an additional 31,000 shares during the last quarter. APG Asset Management N.V. increased its position in Two Harbors Investment by 104.8% during the fourth quarter. APG Asset Management N.V. now owns 2,597,335 shares of the real estate investment trust’s stock valued at $35,170,000 after acquiring an additional 1,329,335 shares during the last quarter. Penn Mutual Life Insurance Co increased its position in Two Harbors Investment by 50.0% during the third quarter. Penn Mutual Life Insurance Co now owns 300,000 shares of the real estate investment trust’s stock valued at $3,024,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Advantage Investment Management LLC purchased a new stake in Two Harbors Investment during the fourth quarter valued at $112,000. Institutional investors own 68.53% of the company’s stock.
Two Harbors Investment Company Profile
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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