Two Harbors Investments (NYSE:TWO – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.
TWO has been the subject of a number of other reports. Weiss Ratings upgraded Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Compass Point reiterated a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $12.75.
View Our Latest Research Report on Two Harbors Investments
Two Harbors Investments Stock Performance
Two Harbors Investments (NYSE:TWO – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. The company had revenue of $225.08 million during the quarter, compared to analyst estimates of $2.33 million. On average, equities research analysts forecast that Two Harbors Investments will post 0.89 EPS for the current year.
Institutional Investors Weigh In On Two Harbors Investments
Several hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 981 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Two Harbors Investments by 11.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,391 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,261 shares during the last quarter. Osaic Holdings Inc. increased its position in Two Harbors Investments by 11.1% during the second quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 1,309 shares during the period. Janney Montgomery Scott LLC grew its position in Two Harbors Investments by 12.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,317 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 1,663 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Two Harbors Investments by 37.8% during the 2nd quarter. GAMMA Investing LLC now owns 7,162 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 1,964 shares during the last quarter. 64.19% of the stock is 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.
Further Reading
- Five stocks we like better than Two Harbors Investments
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for Two Harbors Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investments and related companies with MarketBeat.com's FREE daily email newsletter.
