Credit Suisse Group reaffirmed their buy rating on shares of Two Harbors Investment (NYSE:TWO) in a report published on Monday morning, AnalystRatings.com reports. The firm currently has a $14.50 price objective on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. ValuEngine upgraded shares of Two Harbors Investment from a sell rating to a hold rating in a research report on Friday, August 23rd. Raymond James set a $15.00 price target on shares of Two Harbors Investment and gave the stock a buy rating in a research report on Wednesday, August 21st. Compass Point initiated coverage on shares of Two Harbors Investment in a research report on Monday, December 2nd. They issued a buy rating and a $15.20 price target for the company. Zacks Investment Research lowered shares of Two Harbors Investment from a hold rating to a sell rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada initiated coverage on shares of Two Harbors Investment in a research report on Wednesday, October 2nd. They issued an outperform rating and a $15.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $14.65.

TWO opened at $14.68 on Monday. The firm has a market cap of $4.00 billion, a P/E ratio of 7.45 and a beta of 0.63. Two Harbors Investment has a 1-year low of $12.06 and a 1-year high of $14.82. The company has a 50 day simple moving average of $14.27 and a two-hundred day simple moving average of $13.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 1.21.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.15). The firm had revenue of $58.66 million during the quarter, compared to the consensus estimate of $58.40 million. Two Harbors Investment had a positive return on equity of 12.56% and a negative net margin of 27.98%. During the same quarter in the previous year, the company earned $0.48 earnings per share. Equities analysts anticipate that Two Harbors Investment will post 1.51 earnings per share for the current year.

In related news, CEO Thomas Siering bought 4,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of $14.42 per share, with a total value of $57,680.00. Following the completion of the acquisition, the chief executive officer now owns 749,706 shares of the company’s stock, valued at $10,810,760.52. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Cetera Advisors LLC lifted its holdings in shares of Two Harbors Investment by 9.3% in the third quarter. Cetera Advisors LLC now owns 16,430 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 1,401 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Two Harbors Investment by 14.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,121,232 shares of the real estate investment trust’s stock worth $27,852,000 after buying an additional 259,914 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Two Harbors Investment by 37.5% in the third quarter. California Public Employees Retirement System now owns 586,286 shares of the real estate investment trust’s stock worth $7,698,000 after buying an additional 159,818 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Two Harbors Investment by 24.9% in the third quarter. Parametric Portfolio Associates LLC now owns 1,076,935 shares of the real estate investment trust’s stock worth $14,140,000 after buying an additional 214,638 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Two Harbors Investment by 3.6% in the second quarter. Northern Trust Corp now owns 1,358,493 shares of the real estate investment trust’s stock worth $17,214,000 after buying an additional 47,064 shares in the last quarter. 61.71% 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, and hybrid adjustable-rate mortgage (ARMs); 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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Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

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