Two Harbors Investments (NYSE:TWO) Raised to “Strong-Buy” at Zacks Research

Two Harbors Investments (NYSE:TWO) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on TWO. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. 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, JPMorgan Chase & Co. lifted their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Two Harbors Investments presently has an average rating of “Hold” and a consensus price target of $12.75.

Two Harbors Investments Trading Down 0.0%

Two Harbors Investments stock opened at $12.10 on Tuesday. Two Harbors Investments has a 12 month low of $8.78 and a 12 month high of $14.17. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -3.17 and a beta of 1.03. The business’s fifty day simple moving average is $12.31 and its two-hundred day simple moving average is $11.66. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%.The firm had revenue of $225.08 million during the quarter, compared to the consensus estimate of $2.33 million. As a group, equities analysts predict that Two Harbors Investments will post 0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Two Harbors Investments

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Two Harbors Investments in the fourth quarter worth $1,621,000. UBS Group AG raised its position in shares of Two Harbors Investments by 42.3% during the 4th quarter. UBS Group AG now owns 1,564,418 shares of the real estate investment trust’s stock valued at $16,426,000 after purchasing an additional 464,929 shares during the period. Gabelli Funds LLC purchased a new position in shares of Two Harbors Investments during the 4th quarter valued at $525,000. Credit Industriel ET Commercial purchased a new position in shares of Two Harbors Investments during the 1st quarter valued at $1,062,000. Finally, ABC Arbitrage SA bought a new position in Two Harbors Investments in the 4th quarter worth $1,033,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

About Two Harbors Investments

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.