StockNews.com Upgrades Two Harbors Investment (NYSE:TWO) to “Hold”

Two Harbors Investment (NYSE:TWO) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Several other equities research analysts have also weighed in on TWO. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 target price on shares of Two Harbors Investment in a report on Wednesday, August 28th. JPMorgan Chase & Co. upped their price objective on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. UBS Group upgraded shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and lifted their target price for the company from $13.50 to $14.50 in a research note on Friday, June 7th. Finally, Janney Montgomery Scott assumed coverage on Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.90.

Two Harbors Investment Stock Up 1.3 %

Shares of TWO opened at $14.01 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $13.64 and a two-hundred day moving average price of $13.07. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 7.87 and a beta of 1.86. Two Harbors Investment has a 12 month low of $9.83 and a 12 month high of $14.59.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The business had revenue of $115.95 million during the quarter. During the same quarter last year, the business earned ($0.04) EPS. Equities analysts predict that Two Harbors Investment will post 0.46 EPS for the current fiscal year.

Institutional Trading of Two Harbors Investment

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Two Harbors Investment by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock worth $154,997,000 after buying an additional 1,135,012 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Two Harbors Investment by 1.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,250,149 shares of the real estate investment trust’s stock worth $69,512,000 after purchasing an additional 99,577 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Two Harbors Investment by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,238,329 shares of the real estate investment trust’s stock worth $31,180,000 after purchasing an additional 11,279 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Two Harbors Investment by 155.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock valued at $18,516,000 after purchasing an additional 801,837 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Two Harbors Investment by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,268,379 shares of the real estate investment trust’s stock valued at $17,669,000 after purchasing an additional 31,457 shares during the period. 64.19% of the stock is owned by institutional investors.

About Two Harbors Investment

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.