Weekly Analysts’ Ratings Updates for Two Harbors Investment (TWO)

A number of firms have modified their ratings and price targets on shares of Two Harbors Investment (NYSE: TWO) recently:

  • 2/8/2018 – Two Harbors Investment was given a new $17.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 2/2/2018 – Two Harbors Investment was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/23/2018 – Two Harbors Investment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. “
  • 1/20/2018 – Two Harbors Investment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. “
  • 1/13/2018 – Two Harbors Investment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. “

Two Harbors Investment Corp (NYSE:TWO) opened at $14.56 on Friday. Two Harbors Investment Corp has a 12 month low of $13.85 and a 12 month high of $17.29. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $2,540.00, a P/E ratio of 9.84 and a beta of 0.32.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Two Harbors Investment had a return on equity of 10.06% and a net margin of 41.26%. The business had revenue of $100.31 million for the quarter, compared to the consensus estimate of $112.40 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. equities analysts expect that Two Harbors Investment Corp will post 1.83 EPS for the current year.

In other Two Harbors Investment news, insider William Roth sold 44,028 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $15.16, for a total transaction of $667,464.48. Following the sale, the insider now owns 744,845 shares in the company, valued at $11,291,850.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Rebecca B. Sandberg sold 9,308 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $15.16, for a total value of $141,109.28. Following the sale, the general counsel now owns 128,308 shares in the company, valued at approximately $1,945,149.28. The disclosure for this sale can be found here. In the last quarter, insiders purchased 18,000 shares of company stock worth $279,780 and sold 81,283 shares worth $1,232,498. 1.16% of the stock is currently owned by corporate insiders.

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

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