Two Harbors Investment Corp (TWO) Receives $18.00 Consensus Price Target from Brokerages

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.

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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.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $100.31 million for the quarter, compared to the consensus estimate of $112.40 million. Two Harbors Investment had a return on equity of 10.60% and a net margin of 41.26%. During the same period in the prior year, the company posted $0.24 earnings per share. equities analysts expect that Two Harbors Investment will post 1.88 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

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