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

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

A number of other brokerages have also weighed in on TWO. JPMorgan Chase & Co. upped their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. UBS Group upgraded shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and upped their target price for the stock from $13.50 to $14.50 in a research report on Friday, June 7th. JMP Securities restated a “market outperform” rating and set a $15.00 target price on shares of Two Harbors Investment in a research report on Wednesday, August 28th. Finally, Janney Montgomery Scott assumed coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a “buy” rating and a $15.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.90.

Two Harbors Investment Stock Performance

Shares of NYSE TWO opened at $13.71 on Friday. The firm has a fifty day moving average price of $13.71 and a 200-day moving average price of $13.15. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $1.42 billion, a PE ratio of 7.70 and a beta of 1.86. Two Harbors Investment has a 1 year low of $9.83 and a 1 year high of $14.59.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Two Harbors Investment by 10.7% in 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 increased its position in Two Harbors Investment by 1.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,250,149 shares of the real estate investment trust’s stock valued at $69,512,000 after purchasing an additional 99,577 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in 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 during the period. Van ECK Associates Corp increased its position in Two Harbors Investment by 48.2% during the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock valued at $11,324,000 after purchasing an additional 278,666 shares during the period. Finally, Norges Bank purchased a new position in Two Harbors Investment during the 4th quarter valued at about $8,829,000. Hedge funds and other institutional investors 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.