Compass Point Initiates Coverage on Two Harbors Investment (NYSE:TWO)

Equities research analysts at Compass Point initiated coverage on shares of Two Harbors Investment (NYSE:TWO) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $15.75 price target on the real estate investment trust’s stock. Compass Point’s price objective would indicate a potential upside of 20.87% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. UBS Group upgraded Two Harbors Investment from a “neutral” rating to a “buy” rating and raised their target price for the company from $13.50 to $14.50 in a report on Friday, June 7th. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Saturday, September 28th. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 target price on shares of Two Harbors Investment in a research report on Wednesday, August 28th. Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a “buy” rating and a $15.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Two Harbors Investment has a consensus rating of “Hold” and an average price target of $15.04.

Two Harbors Investment Stock Up 0.6 %

Shares of Two Harbors Investment stock opened at $13.03 on Thursday. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 7.32 and a beta of 1.85. The stock has a 50-day simple moving average of $13.66 and a 200-day simple moving average of $13.17. Two Harbors Investment has a 52-week low of $9.83 and a 52-week high of $14.59. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. The firm had revenue of $115.95 million during the quarter. During the same quarter last year, the firm earned ($0.04) earnings per share. On average, equities research analysts expect that Two Harbors Investment will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Two Harbors Investment

Several institutional investors have recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Two Harbors Investment by 48.2% in the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock valued at $11,324,000 after purchasing an additional 278,666 shares in the last quarter. Norges Bank bought a new position in shares of Two Harbors Investment during the 4th quarter worth about $8,829,000. HighPoint Advisor Group LLC acquired a new stake in shares of Two Harbors Investment during the 4th quarter valued at about $520,000. Price T Rowe Associates Inc. MD increased its stake in Two Harbors Investment by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock valued at $1,188,000 after acquiring an additional 5,284 shares during the period. Finally, TrueMark Investments LLC acquired a new position in Two Harbors Investment in the second quarter worth about $577,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

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.