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

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

Other equities analysts have also recently issued reports about the company. Janney Montgomery Scott initiated coverage on Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 target price on the stock. Compass Point dropped their price target on 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. JMP Securities reduced their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada dropped 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 research report on Friday, November 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.71.

Two Harbors Investment Price Performance

Shares of NYSE:TWO opened at $11.84 on Thursday. Two Harbors Investment has a 12 month low of $11.28 and a 12 month high of $14.59. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -2.46 and a beta of 1.85. The stock’s 50 day moving average price is $12.13 and its 200 day moving average price is $12.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The firm had revenue of $112.64 million for the quarter. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Equities research analysts anticipate that Two Harbors Investment will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Two Harbors Investment

A number of institutional investors have recently modified their holdings of TWO. Louisiana State Employees Retirement System grew its stake in shares of Two Harbors Investment by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock valued at $688,000 after buying an additional 1,000 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Two Harbors Investment by 11.3% in the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 1,230 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 2,100 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Two Harbors Investment by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock worth $677,000 after purchasing an additional 2,241 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Two Harbors Investment by 9.5% during the 2nd quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 2,519 shares in the last quarter. Institutional investors and hedge funds 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.