Two Harbors Investment (NYSE:TWO) Upgraded to “Sell” at StockNews.com

StockNews.com upgraded shares of Two Harbors Investment (NYSE:TWO) to a sell rating in a research report released on Thursday.

TWO has been the topic of a number of other research reports. Compass Point decreased their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on shares of 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. Royal Bank of Canada lowered their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Finally, JMP Securities reduced their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.18.

Two Harbors Investment Stock Performance

Shares of NYSE:TWO opened at $11.89 on Thursday. Two Harbors Investment has a twelve month low of $11.28 and a twelve month high of $14.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50 day moving average price of $12.13 and a 200 day moving average price of $12.98.

Two Harbors Investment (NYSE:TWO) last issued its quarterly 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). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The company had revenue of $112.64 million during the quarter. During the same period in the previous year, the business posted ($0.01) earnings per share. As a group, equities analysts predict that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 15.15%. Two Harbors Investment’s payout ratio is presently -37.34%.

Institutional Trading of Two Harbors Investment

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in 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 purchasing an additional 2,100 shares during the period. McIlrath & Eck LLC acquired a new position 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 valued at $134,000. QRG Capital Management Inc. acquired a new stake in Two Harbors Investment during the 2nd quarter worth $144,000. Finally, AQR Capital Management LLC bought a new position in Two Harbors Investment during the second quarter worth about $147,000. 64.19% of the stock is owned by institutional investors.

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.