Janney Montgomery Scott LLC lowered its holdings in shares of Two Harbors Investment Corp (NYSE:TWO) by 28.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,820 shares of the real estate investment trust’s stock after selling 5,888 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Two Harbors Investment were worth $190,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can raised its position in shares of Two Harbors Investment by 394.0% in the 3rd quarter. Bank of Montreal Can now owns 42,219 shares of the real estate investment trust’s stock worth $630,000 after acquiring an additional 33,673 shares in the last quarter. Strs Ohio grew its stake in Two Harbors Investment by 35.4% during the 3rd quarter. Strs Ohio now owns 36,909 shares of the real estate investment trust’s stock worth $551,000 after buying an additional 9,650 shares during the last quarter. Creative Planning grew its stake in Two Harbors Investment by 62.0% during the 3rd quarter. Creative Planning now owns 25,973 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 9,939 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in Two Harbors Investment by 20.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 302,878 shares of the real estate investment trust’s stock worth $4,522,000 after buying an additional 52,041 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in Two Harbors Investment during the 3rd quarter worth $289,000. Institutional investors and hedge funds own 61.26% of the company’s stock.
TWO has been the topic of several research analyst reports. Barclays set a $15.00 target price on Two Harbors Investment and gave the stock a “buy” rating in a research note on Saturday, February 9th. Maxim Group restated a “buy” rating and set a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday, February 7th. TheStreet downgraded Two Harbors Investment from a “c” rating to a “d+” rating in a research note on Thursday, February 7th. Credit Suisse Group restated a “hold” rating and set a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, February 7th. Finally, ValuEngine upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.63.
Two Harbors Investment stock opened at $14.13 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 7.17 and a beta of 0.52. Two Harbors Investment Corp has a fifty-two week low of $12.63 and a fifty-two week high of $16.27.
Two Harbors Investment (NYSE:TWO) last issued its earnings results on Wednesday, February 6th. The real estate investment trust reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Two Harbors Investment had a positive return on equity of 13.56% and a negative net margin of 4.12%. The firm had revenue of $89.65 million for the quarter, compared to the consensus estimate of $106.46 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The company’s revenue was down 10.6% compared to the same quarter last year. On average, research analysts forecast that Two Harbors Investment Corp will post 1.93 earnings per share for the current year.
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About Two Harbors Investment
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, hybrid mortgage loans, or derivatives; 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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