Barclays Analysts Give Two Harbors Investment (TWO) a $15.00 Price Target

Barclays set a $15.00 target price on Two Harbors Investment (NYSE:TWO) in a report issued on Saturday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on TWO. ValuEngine upgraded shares of Two Harbors Investment from a strong sell rating to a sell rating in a research note on Tuesday, November 6th. Zacks Investment Research downgraded shares of Two Harbors Investment from a buy rating to a hold rating in a research report on Saturday, November 10th. JMP Securities reduced their price target on shares of Two Harbors Investment from $17.00 to $16.00 and set a market outperform rating for the company in a research report on Thursday, November 15th. Maxim Group reissued a buy rating and issued a $15.00 price target on shares of Two Harbors Investment in a research report on Thursday. Finally, Credit Suisse Group reissued a hold rating and issued a $14.00 price target on shares of Two Harbors Investment in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $15.63.

Two Harbors Investment stock opened at $14.14 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 1.19. Two Harbors Investment has a 52-week low of $12.63 and a 52-week high of $16.27. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 7.18 and a beta of 0.56.



Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Wednesday, February 6th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $89.65 million during the quarter, compared to analyst estimates of $106.46 million. Two Harbors Investment had a negative net margin of 4.12% and a positive return on equity of 13.78%. The company’s revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS. Analysts forecast that Two Harbors Investment will post 1.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 28th. Shareholders of record on Monday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 13.30%. The ex-dividend date was Friday, December 28th. Two Harbors Investment’s dividend payout ratio is 95.43%.

In other Two Harbors Investment news, insider William Roth sold 58,040 shares of Two Harbors Investment stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $14.46, for a total transaction of $839,258.40. Following the transaction, the insider now directly owns 730,122 shares of the company’s stock, valued at approximately $10,557,564.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brad Farrell sold 29,095 shares of Two Harbors Investment stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $14.48, for a total transaction of $421,295.60. Following the transaction, the chief financial officer now directly owns 265,087 shares in the company, valued at $3,838,459.76. The disclosure for this sale can be found here. Insiders have sold a total of 132,572 shares of company stock worth $1,916,447 over the last ninety days. Insiders own 1.41% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Two Harbors Investment by 44.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,929,421 shares of the real estate investment trust’s stock worth $327,406,000 after buying an additional 6,798,312 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Two Harbors Investment by 44.9% in the 3rd quarter. Vanguard Group Inc now owns 21,929,421 shares of the real estate investment trust’s stock worth $327,406,000 after buying an additional 6,798,312 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in shares of Two Harbors Investment by 2.9% in the 4th quarter. State Treasurer State of Michigan now owns 11,882,142 shares of the real estate investment trust’s stock worth $152,567,000 after buying an additional 330,000 shares during the last quarter. Boston Partners boosted its holdings in shares of Two Harbors Investment by 6.6% in the 4th quarter. Boston Partners now owns 6,716,304 shares of the real estate investment trust’s stock worth $86,237,000 after buying an additional 416,706 shares during the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. boosted its holdings in shares of Two Harbors Investment by 79.2% in the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 5,652,380 shares of the real estate investment trust’s stock worth $84,390,000 after buying an additional 2,498,679 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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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