Two Harbors Investments' (TWO) Neutral Rating Reiterated at BTIG Research

Key Points

• BTIG Research reiterated a “neutral” rating on Two Harbors Investments, while analysts overall assign the stock a consensus “Hold” rating and a $12.75 target price.
• Two Harbors opened at $12.18, near its 52-week high of $12.19, with a $1.28 billion market capitalization. The company reported quarterly EPS of $0.28, matching analyst expectations.
• Institutional investors and hedge funds own approximately 64.19% of the stock, with several firms recently increasing their positions in Two Harbors.

Two Harbors Investments (NYSE:TWO - Get Free Report)'s stock had its "neutral" rating restated by research analysts at BTIG Research in a note issued to investors on Wednesday,Benzinga reports.

TWO has been the subject of a number of other research reports. Zacks Research upgraded Two Harbors Investments from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 21st. Royal Bank Of Canada lifted their price target on Two Harbors Investments from $11.00 to $12.00 and gave the company a "sector perform" rating in a report on Monday, July 27th. JPMorgan Chase & Co. boosted their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock an "underweight" rating in a research report on Friday, July 17th. Compass Point restated a "neutral" rating and set a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised Two Harbors Investments from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.75.

Two Harbors Investments Price Performance

Shares of Two Harbors Investments stock opened at $12.18 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.08 and a quick ratio of 1.08. Two Harbors Investments has a 1 year low of $11.98 and a 1 year high of $12.19. The firm's 50-day moving average is $12.14 and its two-hundred day moving average is $11.59. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -16.46 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. The business had revenue of $247.57 million during the quarter, compared to analyst estimates of $9.45 million. As a group, research analysts expect that Two Harbors Investments will post 0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Two Harbors Investments

A number of large investors have recently made changes to their positions in TWO. Smartleaf Asset Management LLC grew its position in shares of Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 981 shares during the period. Osaic Holdings Inc. raised its position in shares of Two Harbors Investments by 11.1% during the 2nd quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 1,309 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Two Harbors Investments by 12.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,317 shares of the real estate investment trust's stock valued at $161,000 after buying an additional 1,663 shares in the last quarter. JNBA Financial Advisors purchased a new position in Two Harbors Investments in the 2nd quarter valued at about $48,000. Finally, GAMMA Investing LLC boosted its holdings in Two Harbors Investments by 37.8% in the 2nd quarter. GAMMA Investing LLC now owns 7,162 shares of the real estate investment trust's stock worth $89,000 after buying an additional 1,964 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 Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.

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