Two Harbors Investment Corp (NYSE:TWO) has received an average rating of “Buy” from the eleven analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $14.59.
Several brokerages have commented on TWO. Compass Point began coverage on shares of Two Harbors Investment in a research report on Monday. They set a “buy” rating and a $15.20 price objective for the company. Zacks Investment Research lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Royal Bank of Canada assumed coverage on Two Harbors Investment in a report on Wednesday, October 2nd. They set an “outperform” rating and a $15.00 price target for the company. ValuEngine upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. Finally, Raymond James set a $15.00 price objective on Two Harbors Investment and gave the company a “buy” rating in a research note on Wednesday, August 21st.
Shares of NYSE:TWO traded down $0.03 during midday trading on Friday, hitting $14.65. The stock had a trading volume of 1,583,129 shares, compared to its average volume of 2,427,031. The company’s 50-day moving average price is $14.08 and its 200-day moving average price is $13.29. The company has a market capitalization of $4.00 billion, a P/E ratio of 7.44 and a beta of 0.63. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. Two Harbors Investment has a fifty-two week low of $12.06 and a fifty-two week high of $14.75.
In related news, CEO Thomas Siering bought 4,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average price of $14.42 per share, with a total value of $57,680.00. Following the completion of the purchase, the chief executive officer now owns 749,706 shares in the company, valued at approximately $10,810,760.52. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Phocas Financial Corp. bought a new position in Two Harbors Investment in the 2nd quarter valued at approximately $27,000. Sandy Spring Bank acquired a new position in shares of Two Harbors Investment during the second quarter worth $32,000. Synovus Financial Corp lifted its holdings in shares of Two Harbors Investment by 33.5% during the third quarter. Synovus Financial Corp now owns 2,987 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 749 shares during the period. Signaturefd LLC grew its stake in shares of Two Harbors Investment by 59.3% in the third quarter. Signaturefd LLC now owns 4,637 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 1,726 shares during the last quarter. Finally, Enterprise Financial Services Corp grew its stake in shares of Two Harbors Investment by 129.7% in the third quarter. Enterprise Financial Services Corp now owns 5,434 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 3,068 shares during the last quarter. 61.71% of the stock is currently owned by hedge funds and other institutional investors.
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, and hybrid adjustable-rate mortgage (ARMs); 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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