Two Harbors Investment (NYSE:TWO) Upgraded to Hold at StockNews.com

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

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Royal Bank of Canada cut their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Compass Point cut their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Two Harbors Investment presently has an average rating of “Moderate Buy” and an average target price of $13.79.

Two Harbors Investment Price Performance

TWO stock opened at $12.76 on Wednesday. The stock has a 50-day moving average price of $11.79 and a two-hundred day moving average price of $12.64. The stock has a market cap of $1.32 billion, a PE ratio of 6.05 and a beta of 1.84. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. Two Harbors Investment has a 1 year low of $10.84 and a 1 year high of $14.27.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Equities analysts forecast that Two Harbors Investment will post 0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Rebecca B. Sandberg sold 3,014 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $11.24, for a total transaction of $33,877.36. Following the transaction, the insider now directly owns 149,364 shares of the company’s stock, valued at approximately $1,678,851.36. This trade represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CIO Nicholas Letica sold 3,956 shares of Two Harbors Investment stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the transaction, the executive now directly owns 180,712 shares in the company, valued at $2,025,781.52. This trade represents a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,754 shares of company stock worth $333,307 over the last three months. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investment

A number of hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 2,100 shares during the last quarter. McIlrath & Eck LLC bought a new stake in shares of Two Harbors Investment in the 3rd quarter valued at $64,000. KBC Group NV boosted its stake in shares of Two Harbors Investment by 86.5% in the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 3,077 shares during the last quarter. Simplify Asset Management Inc. bought a new stake in shares of Two Harbors Investment in the 3rd quarter valued at $134,000. Finally, AQR Capital Management LLC bought a new stake in shares of Two Harbors Investment in the 2nd quarter valued at $147,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Company Profile

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.