Two Harbors Investment (NYSE:TWO) Rating Lowered to Sell at StockNews.com

Two Harbors Investment (NYSE:TWO) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

TWO has been the topic of several other research reports. UBS Group raised Two Harbors Investment from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.50 to $14.50 in a report on Friday, June 7th. JPMorgan Chase & Co. raised their price target on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price objective on shares of Two Harbors Investment in a research note on Wednesday, August 28th. 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 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Two Harbors Investment currently has a consensus rating of “Hold” and a consensus target price of $14.90.

Two Harbors Investment Price Performance

TWO stock opened at $14.09 on Friday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 7.91 and a beta of 1.86. Two Harbors Investment has a fifty-two week low of $9.83 and a fifty-two week high of $14.59. 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 business has a 50 day moving average price of $13.73 and a 200 day moving average price of $13.11.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Howard Financial Services LTD. raised its stake in shares of Two Harbors Investment by 2.3% during the first quarter. Howard Financial Services LTD. now owns 39,657 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 903 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Two Harbors Investment by 5.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 944 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Two Harbors Investment by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock worth $688,000 after acquiring an additional 1,000 shares during the period. Triumph Capital Management boosted its holdings in shares of Two Harbors Investment by 7.8% in the first quarter. Triumph Capital Management now owns 23,491 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 1,696 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Two Harbors Investment by 12.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 1,798 shares in the last quarter. 64.19% of the stock is currently owned by hedge funds and other 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.