Two Harbors Investment (NYSE:TWO) has been given a $15.00 price objective by equities research analysts at Barclays in a research note issued on Saturday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Barclays‘s target price suggests a potential upside of 6.08% from the company’s previous close.
A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. JMP Securities dropped their target price on Two Harbors Investment from $17.00 to $16.00 and set a “market outperform” rating on the stock in a report on Thursday, November 15th. ValuEngine raised Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Maxim Group reissued a “buy” rating and issued a $15.00 target price on shares of Two Harbors Investment in a report on Thursday. Finally, Credit Suisse Group reissued a “hold” rating and issued a $14.00 target price on shares of Two Harbors Investment in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Two Harbors Investment has an average rating of “Hold” and an average price target of $15.63.
Shares of NYSE TWO opened at $14.14 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 1.19. Two Harbors Investment has a twelve month low of $12.63 and a twelve month high of $16.27. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 7.18 and a beta of 0.56.
In related news, CFO Brad Farrell sold 29,095 shares of the company’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $14.48, for a total transaction of $421,295.60. Following the transaction, the chief financial officer now owns 265,087 shares of the company’s stock, valued at $3,838,459.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Roth sold 58,040 shares of the company’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $14.46, for a total value of $839,258.40. Following the transaction, the insider now directly owns 730,122 shares in the company, valued at approximately $10,557,564.12. The disclosure for this sale can be found here. Insiders have sold 132,572 shares of company stock worth $1,916,447 in the last ninety days. 1.41% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in Two Harbors Investment by 39.1% during the fourth quarter. Parallel Advisors LLC now owns 2,797 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 786 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of Two Harbors Investment in the fourth quarter valued at $51,000. Meeder Asset Management Inc. purchased a new stake in shares of Two Harbors Investment in the fourth quarter valued at $60,000. Nisa Investment Advisors LLC lifted its position in shares of Two Harbors Investment by 135.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,700 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Pearl River Capital LLC purchased a new stake in shares of Two Harbors Investment in the fourth quarter valued at $70,000. 60.95% 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, hybrid mortgage loans, or derivatives; 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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