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

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

A number of other brokerages have also commented on TWO. Royal Bank of Canada cut their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Janney Montgomery Scott assumed coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target on the stock. JMP Securities dropped their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. Compass Point reduced 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, JPMorgan Chase & Co. lowered their price target on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.71.

Two Harbors Investment Price Performance

Shares of Two Harbors Investment stock opened at $11.84 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $12.13 and a 200-day simple moving average of $12.98. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.46 and a beta of 1.85. Two Harbors Investment has a 1-year low of $11.28 and a 1-year high of $14.59.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The firm had revenue of $112.64 million for 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 company posted ($0.01) earnings per share. On average, sell-side analysts expect that Two Harbors Investment will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 2,100 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment in the 3rd quarter valued at $64,000. Simplify Asset Management Inc. bought a new stake in shares of Two Harbors Investment in the 3rd quarter worth about $134,000. QRG Capital Management Inc. acquired a new stake in shares of Two Harbors Investment during the 2nd quarter worth about $144,000. Finally, AQR Capital Management LLC bought a new position in Two Harbors Investment during the 2nd quarter valued at about $147,000. Institutional investors 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.