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

StockNews.com upgraded shares of Two Harbors Investment (NYSE:TWO) to a sell rating in a research note issued to investors on Tuesday.

TWO has been the topic of a number of other reports. JMP Securities restated a “market outperform” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Compass Point dropped 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. Finally, Royal Bank of Canada decreased their target price on 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.54.

Two Harbors Investment Price Performance

TWO stock opened at $12.02 on Tuesday. The business’s 50-day moving average is $11.72 and its two-hundred day moving average is $12.69. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $1.25 billion, a P/E ratio of -2.49 and a beta of 1.83. 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 issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The firm had revenue of $112.64 million during the quarter. During the same quarter last year, the business posted ($0.01) earnings per share. Analysts anticipate that Two Harbors Investment will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 14.98%. Two Harbors Investment’s dividend payout ratio is presently -37.34%.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the transaction, the executive now directly owns 174,672 shares in the company, valued at approximately $1,944,099.36. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Rebecca B. Sandberg sold 3,014 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total transaction of $33,877.36. Following the sale, the insider now owns 149,364 shares of the company’s stock, valued at $1,678,851.36. This trade represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,754 shares of company stock worth $333,307. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Two Harbors Investment

Several institutional investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. purchased a new position in shares of Two Harbors Investment in the 3rd quarter valued at approximately $3,505,000. Geode Capital Management LLC grew its position in Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after buying an additional 48,264 shares during the last quarter. Barclays PLC raised its position in Two Harbors Investment by 346.0% during the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after buying an additional 133,869 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Two Harbors Investment by 1,392.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after acquiring an additional 180,516 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in shares of Two Harbors Investment in the third quarter valued at about $217,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

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.