Credit Suisse Group reaffirmed their buy rating on shares of Two Harbors Investment (NYSE:TWO) in a research note released on Monday morning, AnalystRatings.com reports. The firm currently has a $14.50 target price on the real estate investment trust’s stock.
Several other analysts have also recently commented on TWO. ValuEngine upgraded Two Harbors Investment from a sell rating to a hold rating in a research report on Friday, August 23rd. Royal Bank of Canada began coverage on Two Harbors Investment in a report on Wednesday, October 2nd. They issued an outperform rating and a $15.00 price objective on the stock. Raymond James set a $15.00 target price on shares of Two Harbors Investment and gave the stock a buy rating in a research note on Wednesday, August 21st. Zacks Investment Research lowered shares of Two Harbors Investment from a hold rating to a sell rating in a report on Friday, October 18th. Finally, Compass Point initiated coverage on shares of Two Harbors Investment in a report on Monday, December 2nd. They set a buy rating and a $15.20 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $14.65.
Two Harbors Investment stock remained flat at $$14.77 during midday trading on Monday. 372,530 shares of the company were exchanged, compared to its average volume of 1,530,771. 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 1 year low of $12.06 and a 1 year high of $14.82. The company has a market capitalization of $4.03 billion, a P/E ratio of 7.49 and a beta of 0.63. The business has a 50-day moving average of $14.23 and a two-hundred day moving average of $13.33.
In related news, CEO Thomas Siering purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of $14.42 per share, with a total value of $57,680.00. Following the completion of the acquisition, the chief executive officer now owns 749,706 shares in the company, valued at $10,810,760.52. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWO. Vanguard Group Inc. increased its stake in shares of Two Harbors Investment by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 26,453,568 shares of the real estate investment trust’s stock worth $335,167,000 after acquiring an additional 1,018,358 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Two Harbors Investment in the second quarter valued at about $10,761,000. Canada Pension Plan Investment Board increased its position in Two Harbors Investment by 3,058.1% during the second quarter. Canada Pension Plan Investment Board now owns 759,964 shares of the real estate investment trust’s stock worth $9,629,000 after purchasing an additional 735,900 shares during the last quarter. Natixis increased its position in Two Harbors Investment by 1,038.2% during the second quarter. Natixis now owns 577,899 shares of the real estate investment trust’s stock worth $7,322,000 after purchasing an additional 527,127 shares during the last quarter. Finally, Capital Advisors Inc. OK raised its stake in Two Harbors Investment by 321.4% during the second quarter. Capital Advisors Inc. OK now owns 604,749 shares of the real estate investment trust’s stock worth $7,662,000 after purchasing an additional 461,226 shares during the period. 61.71% of the stock is currently owned by 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, 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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