Posted by admin on Could twelfth, 2022
Two Harbors Funding (NYSE:TWO – Get Ranking) was upgraded by Zacks Funding Analysis from a “promote” ranking to a “maintain” ranking in a analysis word issued on Thursday, Zacks.com reviews.
In accordance with Zacks, “Two Harbors Funding Corp is a Actual Property Funding Belief that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its goal is to supply risk-adjusted returns to buyers via dividends and capital appreciation. Two Harbors intends to amass and handle a portfolio of mortgage-backed securities, specializing in safety choice and the relative worth of assorted sectors inside the mortgage market. As an funding technique, the corporate expects to deploy reasonable borrowings via, with respect to Company RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Company RMBS and residential mortgage loans, personal funding sources. It might additionally finance parts of its portfolio via non-recourse time period borrowing amenities and fairness financing below the Legacy Mortgage Program and Time period Asset-Backed Securities Lending Facility (TALF), if such financing turns into out there. “
A number of different equities analysis analysts additionally just lately weighed in on TWO. JPMorgan Chase & Co. diminished their goal worth on shares of Two Harbors Funding from $6.50 to $5.00 and set a “impartial” ranking on the inventory in a analysis word on Monday, April twenty fifth. TheStreet minimize Two Harbors Funding from a “c” ranking to a “d+” ranking in a report on Wednesday, February ninth. StockNews.com raised Two Harbors Funding from a “promote” ranking to a “maintain” ranking in a report on Tuesday. Lastly, Credit score Suisse Group decreased their worth goal on Two Harbors Funding from $6.00 to $5.25 and set a “impartial” ranking on the inventory in a analysis word on Tuesday, March eighth. Seven funding analysts have rated the inventory with a maintain ranking and one has given a purchase ranking to the corporate. In accordance with knowledge from MarketBeat, Two Harbors Funding at present has a consensus ranking of “Maintain” and a consensus goal worth of $5.81.
Shares of TWO inventory opened at $5.26 on Thursday. The corporate has a fast ratio of 1.17, a present ratio of 1.06 and a debt-to-equity ratio of 0.44. The agency has a 50 day shifting common of $5.19 and a 200-day shifting common of $5.60. The corporate has a market cap of $1.81 billion, a price-to-earnings ratio of 14.22 and a beta of 1.66. Two Harbors Funding has a 52 week low of $4.71 and a 52 week excessive of $8.15.
Two Harbors Funding (NYSE:TWO – Get Ranking) final introduced its quarterly earnings knowledge on Wednesday, Could 4th. The true property funding belief reported $0.18 EPS for the quarter, lacking the consensus estimate of $0.20 by ($0.02). Two Harbors Funding had a web margin of 147.67% and a return on fairness of 16.21%. The agency had income of $22.53 million for the quarter, in comparison with the consensus estimate of $27.42 million. Throughout the identical quarter final 12 months, the corporate posted $0.17 earnings per share. Two Harbors Funding’s income for the quarter was down 32.5% in comparison with the identical quarter final 12 months. Analysts anticipate that Two Harbors Funding will submit 0.64 earnings per share for the present 12 months.
Institutional buyers and hedge funds have just lately modified their holdings of the inventory. BlackRock Inc. elevated its stake in shares of Two Harbors Funding by 6.6% through the fourth quarter. BlackRock Inc. now owns 61,013,289 shares of the actual property funding belief’s inventory value $352,046,000 after buying an extra 3,795,483 shares through the interval. Allspring World Investments Holdings LLC purchased a brand new stake in Two Harbors Funding within the fourth quarter valued at $79,330,000. State Road Corp lifted its holdings in shares of Two Harbors Funding by 12.9% through the fourth quarter. State Road Corp now owns 11,639,970 shares of the actual property funding belief’s inventory valued at $69,118,000 after buying an extra 1,331,884 shares within the final quarter. Massachusetts Monetary Companies Co. MA lifted its holdings in Two Harbors Funding by 2.0% within the 1st quarter. Massachusetts Monetary Companies Co. MA now owns 10,264,795 shares of the actual property funding belief’s inventory value $56,764,000 after buying an extra 202,034 shares within the final quarter. Lastly, Goldman Sachs Group Inc. lifted its holdings in shares of Two Harbors Funding by 14.9% within the 4th quarter. Goldman Sachs Group Inc. now owns 7,782,515 shares of the actual property funding belief’s inventory value $44,906,000 after buying an extra 1,011,542 shares over the past quarter. Hedge funds and different institutional buyers personal 68.67% of the corporate’s inventory.
About Two Harbors Funding (Get Ranking)
Two Harbors Funding Corp. operates as an actual property funding belief (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and different monetary belongings in the US. Its goal belongings embrace company RMBS collateralized by mounted price mortgage loans, adjustable price mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and different belongings, corresponding to monetary and mortgage-related belongings, together with non-agency securities and non-hedging transactions.
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