Two Harbors Investment (NYSE:TWO) Stock Rating Upgraded by StockNews.com

Two Harbors Investment (NYSE:TWO) was upgraded by StockNews.com to a “sell” rating in a report issued on Tuesday.

A number of other brokerages have also recently issued reports on TWO. JPMorgan Chase & Co. decreased their target price on Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Royal Bank of Canada reduced 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. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Finally, Compass Point decreased their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.54.

Two Harbors Investment Stock Performance

Shares of Two Harbors Investment stock opened at $11.99 on Tuesday. The firm’s 50-day simple moving average is $11.71 and its 200-day simple moving average is $12.70. Two Harbors Investment has a 1 year low of $10.84 and a 1 year high of $14.27. The firm has a market cap of $1.24 billion, a PE ratio of -2.49 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The business had revenue of $112.64 million during the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same period last year, the business earned ($0.01) earnings per share. Equities analysts forecast that Two Harbors Investment will post 0.47 earnings per share for the current fiscal year.

Insider Activity

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 3,785 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.14, for a total value of $42,164.90. Following the completion of the transaction, the insider now owns 152,378 shares of the company’s stock, valued at $1,697,490.92. This represents a 2.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.13, for a total transaction of $67,225.20. Following the transaction, the executive now owns 174,672 shares in the company, valued at approximately $1,944,099.36. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,754 shares of company stock worth $333,307. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Two Harbors Investment by 1,680.0% during 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 buying an additional 2,100 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in Two Harbors Investment in the 3rd quarter worth $64,000. KBC Group NV grew its position in shares of Two Harbors Investment by 86.5% in the fourth 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 period. Simplify Asset Management Inc. acquired a new position in shares of Two Harbors Investment during the 3rd quarter worth about $134,000. Finally, AQR Capital Management LLC purchased a new position in Two Harbors Investment in the 2nd quarter valued at about $147,000. 64.19% of the stock is owned by institutional investors and hedge funds.

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.