Belpointe Asset Management LLC acquired a new position in Two Harbors Investment Corp (NYSE:TWO) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 32,718 shares of the real estate investment trust’s stock, valued at approximately $532,000.
Other hedge funds have also recently modified their holdings of the company. Advantage Investment Management LLC acquired a new position in Two Harbors Investment in the 4th quarter worth $112,000. State of Alaska Department of Revenue acquired a new position in Two Harbors Investment in the 4th quarter worth $165,000. Delta Asset Management LLC TN acquired a new position in Two Harbors Investment in the 4th quarter worth $186,000. The Manufacturers Life Insurance Company lifted its holdings in Two Harbors Investment by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 718 shares in the last quarter. Finally, Ramsey Quantitative Systems acquired a new position in Two Harbors Investment in the 4th quarter worth $201,000. Hedge funds and other institutional investors own 68.53% of the company’s stock.
A number of brokerages have commented on TWO. ValuEngine lowered shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Saturday, January 13th. Finally, B. Riley set a $17.00 price objective on shares of Two Harbors Investment and gave the stock a “buy” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.00.
Shares of Two Harbors Investment Corp (NYSE TWO) opened at $15.75 on Friday. The firm has a market cap of $2,750.00, a PE ratio of 10.79 and a beta of 0.30. Two Harbors Investment Corp has a 1 year low of $13.85 and a 1 year high of $17.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 1.19.
Two Harbors Investment (NYSE:TWO) last released its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The company had revenue of $100.31 million during the quarter, compared to the consensus estimate of $112.40 million. Two Harbors Investment had a net margin of 41.26% and a return on equity of 10.60%. During the same quarter in the previous year, the firm earned $0.24 EPS. equities research analysts forecast that Two Harbors Investment Corp will post 1.88 earnings per share for the current fiscal year.
Two Harbors Investment Company Profile
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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