Brokerages Set Two Harbors Investments Corp (NYSE:TWO) PT at $12.36

Shares of Two Harbors Investments Corp (NYSE:TWO) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.3571.

A number of research firms have commented on TWO. JPMorgan Chase & Co. boosted their price objective on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. UBS Group cut their price target on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. Maxim Group reduced their price target on shares of Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a research note on Wednesday.

Two Harbors Investments Price Performance

NYSE:TWO opened at $9.71 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.01 billion, a PE ratio of -3.88 and a beta of 1.30. Two Harbors Investments has a 12 month low of $9.30 and a 12 month high of $14.28. The company’s 50-day moving average price is $9.75 and its two-hundred day moving average price is $10.26.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share for the quarter. The company had revenue of ($18.67) million during the quarter. Two Harbors Investments had a negative net margin of 44.10% and a positive return on equity of 11.92%. On average, equities analysts anticipate that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CWM LLC boosted its position in Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 890 shares during the last quarter. Montag A & Associates Inc. lifted its stake in shares of Two Harbors Investments by 29.2% during the first quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,193 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Two Harbors Investments in the first quarter valued at about $265,000. Cetera Investment Advisers increased its position in Two Harbors Investments by 10.8% in the first quarter. Cetera Investment Advisers now owns 45,415 shares of the real estate investment trust’s stock worth $607,000 after purchasing an additional 4,434 shares during the period. Finally, LPL Financial LLC raised its holdings in Two Harbors Investments by 36.7% during the 1st quarter. LPL Financial LLC now owns 161,247 shares of the real estate investment trust’s stock worth $2,154,000 after purchasing an additional 43,253 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

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.