Analysts Set Two Harbors Investments Corp (NYSE:TWO) Price Target at $11.96

Shares of Two Harbors Investments Corp (NYSE:TWO) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.9583.

Several research analysts recently weighed in on TWO shares. Wall Street Zen upgraded Two Harbors Investments from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research raised Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. upped their price objective on shares of Two Harbors Investments from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Two Harbors Investments in a research report on Monday. Finally, UBS Group dropped their target price on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd.

Two Harbors Investments Trading Down 1.1%

NYSE TWO opened at $9.90 on Friday. Two Harbors Investments has a 52 week low of $9.30 and a 52 week high of $14.28. The company has a 50 day moving average price of $9.82 and a 200 day moving average price of $10.07. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.03 billion, a PE ratio of -3.96 and a beta of 1.20.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of ($18.67) million for the quarter. Two Harbors Investments had a negative net margin of 44.10% and a positive return on equity of 11.92%. As a group, sell-side analysts forecast that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Two Harbors Investments

Several hedge funds have recently made changes to their positions in TWO. Amalgamated Bank grew its position in Two Harbors Investments by 3.9% in the third quarter. Amalgamated Bank now owns 30,604 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 1,158 shares during the period. Intech Investment Management LLC lifted its stake in shares of Two Harbors Investments by 1.4% in the 3rd quarter. Intech Investment Management LLC now owns 85,985 shares of the real estate investment trust’s stock valued at $849,000 after purchasing an additional 1,202 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Two Harbors Investments by 11.1% in the 2nd quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 1,309 shares during the last quarter. Triumph Capital Management grew its holdings in shares of Two Harbors Investments by 6.0% during the 2nd quarter. Triumph Capital Management now owns 26,725 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 1,512 shares during the period. Finally, Allworth Financial LP increased its position in shares of Two Harbors Investments by 25.0% during the 2nd quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 1,651 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investments Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.