Two Harbors Investments Corp. (NYSE:TWO) has been given a consensus recommendation of “Buy” by the eleven research firms that are covering the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.54.

Several equities research analysts recently weighed in on TWO shares. FBR & Co reiterated a “buy” rating on shares of Two Harbors Investments Corp. in a research note on Friday, July 29th. JMP Securities reiterated a “buy” rating on shares of Two Harbors Investments Corp. in a research note on Thursday, November 3rd. Zacks Investment Research upgraded shares of Two Harbors Investments Corp. from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Tuesday, October 25th. Credit Suisse Group AG set a $9.50 target price on shares of Two Harbors Investments Corp. and gave the company a “buy” rating in a research note on Thursday, September 22nd. Finally, Deutsche Bank AG set a $9.80 target price on shares of Two Harbors Investments Corp. and gave the company a “buy” rating in a research note on Saturday, August 6th.

Two Harbors Investments Corp. (NYSE:TWO) opened at 8.31 on Wednesday. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.11 and a beta of 0.58. The company has a 50-day moving average price of $8.36 and a 200-day moving average price of $8.56. Two Harbors Investments Corp. has a one year low of $6.91 and a one year high of $9.18.

Two Harbors Investments Corp. (NYSE:TWO) last released its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Two Harbors Investments Corp. had a net margin of 37.85% and a return on equity of 8.76%. The business earned $108.51 million during the quarter, compared to analysts’ expectations of $89.40 million. During the same quarter last year, the company earned $0.22 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. Equities research analysts anticipate that Two Harbors Investments Corp. will post $0.41 EPS for the current year.

In other news, CEO Thomas Siering acquired 3,500 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was bought at an average price of $8.48 per share, with a total value of $29,680.00. Following the completion of the acquisition, the chief executive officer now owns 865,553 shares in the company, valued at approximately $7,339,889.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Several hedge funds have recently bought and sold shares of TWO. Price T Rowe Associates Inc. MD raised its stake in Two Harbors Investments Corp. by 7.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 128,293 shares of the real estate investment trust’s stock valued at $1,094,000 after buying an additional 9,300 shares during the last quarter. LPL Financial LLC purchased a new stake in Two Harbors Investments Corp. during the third quarter valued at $431,000. Credit Suisse AG raised its stake in Two Harbors Investments Corp. by 29.6% in the third quarter. Credit Suisse AG now owns 1,556,677 shares of the real estate investment trust’s stock valued at $13,280,000 after buying an additional 355,582 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Two Harbors Investments Corp. during the third quarter valued at $207,000. Finally, Cetera Advisor Networks LLC raised its stake in Two Harbors Investments Corp. by 50.8% in the third quarter. Cetera Advisor Networks LLC now owns 436,017 shares of the real estate investment trust’s stock valued at $3,719,000 after buying an additional 146,804 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

Two Harbors Investments Corp. Company Profile

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), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. The Company’s target asset classes include Agency RMBS collateralized by fixed rate mortgage loans, adjustable-rate mortgage (ARM) loans or hybrid mortgage loans, including mortgage pass-through certificates, collateralized mortgage obligations, the Federal Home Loan Mortgage Corporation gold certificates, the Federal National Mortgage Association certificates, the Government National Mortgage Association (Ginnie Mae) certificates, to-be-announced forward contracts, and interest-only and inverse interest-only securities; Non-Agency RMBS, including both senior and mezzanine RMBS, and floating and fixed rate commercial real estate loans.

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