Analysts Set Two Harbors Investment Corp. (NYSE:TWO) PT at $13.96

Shares of Two Harbors Investment Corp. (NYSE:TWO) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $13.96.

TWO has been the subject of a number of recent research reports. Compass Point decreased their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. Royal Bank of Canada increased their price target on Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. JMP Securities reiterated a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Friday, January 31st.

Two Harbors Investment Stock Performance

NYSE:TWO opened at $13.84 on Friday. The stock’s 50-day moving average is $12.91 and its 200-day moving average is $12.63. Two Harbors Investment has a 1-year low of $10.84 and a 1-year high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.44 billion, a P/E ratio of 6.56 and a beta of 1.86.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Equities research analysts anticipate that Two Harbors Investment will post 0.81 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction of $33,190.56. Following the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.13, for a total transaction of $67,225.20. Following the completion of the sale, the executive now directly owns 174,672 shares of the company’s stock, valued at approximately $1,944,099.36. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,136 shares of company stock valued at $377,154 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investment

Institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC increased its stake in Two Harbors Investment by 818.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 2,963 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Two Harbors Investment during the fourth quarter worth about $40,000. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment in the 3rd quarter worth about $64,000. KBC Group NV lifted its position in Two Harbors Investment by 86.5% in the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 3,077 shares in the last quarter. Finally, Wolverine Trading LLC boosted its stake in Two Harbors Investment by 866.3% during the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 9,443 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment 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.