November 30, 2016 - By Clifton Ray · 0 Comments
Two Harbors Investment Corp (NYSE:TWO) institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.38, from 1 in 2016Q1. The ratio is positive, as 110 institutional investors increased and started new holdings, while 110 sold and reduced their holdings in Two Harbors Investment Corp. The institutional investors in our partner’s database now have: 236.62 million shares, down from 241.83 million shares in 2016Q1. Also, the number of institutional investors holding Two Harbors Investment Corp in their top 10 holdings decreased from 3 to 2 for a decrease of 1. Sold All: 25 Reduced: 85 Increased: 79 New Position: 31.
Two Harbors Investment Corp. is a real estate investment trust. The company has a market cap of $3.04 billion. The Firm is focused on investing in, financing and managing residential mortgage-backed securities , residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. It has a 13.79 P/E ratio. The Company’s target asset classes include Agency RMBS collateralized by fixed rate mortgage loans, adjustable-rate mortgage (ARM) loans or hybrid mortgage loans, including mortgage pass-through certificates, collateralized mortgage obligations, the Federal Home Loan Mortgage Corporation gold certificates, the Federal National Mortgage Association certificates, the Government National Mortgage Association (Ginnie Mae) certificates, to-be-announced forward contracts, and interest-only and inverse interest-only securities; Non-Agency RMBS, including both senior and mezzanine RMBS, and floating and fixed rate commercial real estate loans.
About 259,344 shares traded hands. Two Harbors Investment Corp (NYSE:TWO) has risen 9.89% since April 27, 2016 and is uptrending. It has outperformed by 4.66% the S&P500.
Analysts await Two Harbors Investment Corp (NYSE:TWO) to report earnings on February, 1. TWO’s profit will be $88.79M for 8.56 P/E if the $0.25 EPS becomes a reality. After $0.24 actual earnings per share reported by Two Harbors Investment Corp for the previous quarter, Wall Street now forecasts 4.17% EPS growth.
According to Zacks Investment Research, “Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available.”
Yorktown Management & Research Co Inc holds 2.77% of its portfolio in Two Harbors Investment Corp for 1.42 million shares. Kempen Capital Management N.V. owns 2.39 million shares or 2.41% of their US portfolio. Moreover, Wesley Capital Management Llc has 2.24% invested in the company for 225,000 shares. The Illinois-based West Family Investments Inc. has invested 2.04% in the stock. Thornburg Investment Management Inc, a New Mexico-based fund reported 23.96 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider buys, and 0 insider sales for $61,128 net activity.
Ratings analysis reveals 43% of Two Harbors Investment’s analysts are positive. Out of 7 Wall Street analysts rating Two Harbors Investment, 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $8 while the high is $11. The stock’s average target of $9.42 is 10.05% above today’s ($8.56) share price. TWO was included in 20 notes of analysts from August 6, 2015. The firm has “Market Perform” rating given on Monday, January 18 by Wells Fargo. The stock has “Market Perform” rating given by Wells Fargo on Friday, January 15. Zacks downgraded the stock to “Buy” rating in Thursday, August 6 report. On Friday, November 4 the stock rating was upgraded by Wells Fargo to “Outperform”. Zacks downgraded the shares of TWO in a report on Wednesday, August 19 to “Hold” rating. Wunderlich maintained the stock with “Hold” rating in Thursday, February 4 report. The stock has “Buy” rating given by Maxim Group on Friday, May 6. Maxim Group maintained it with “Buy” rating and $11 target price in Thursday, August 6 report. Wunderlich maintained the shares of TWO in a report on Friday, August 5 with “Hold” rating. The stock of Two Harbors Investment Corp (NYSE:TWO) has “Outperform” rating given on Monday, December 14 by Keefe Bruyette & Woods.
Two Harbors Investment Corp., incorporated on May 21, 2009, is a real estate investment trust. The Firm is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. The Firm focuses on managing various associated risks, including interest rate, prepayment, mortgage spread and financing risk. The Firm generally finances its RMBS, residential mortgage loans and commercial real estate assets through short and long-term borrowings structured as repurchase agreements and advances from the Federal Home Loan Bank of Des Moines.
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By Clifton Ray