Two Harbors Investment (NYSE:TWO) Upgraded at StockNews.com

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

TWO has been the topic of a number of other reports. Compass Point decreased their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. Royal Bank of Canada decreased their target price on 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. JMP Securities cut their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Two Harbors Investment has an average 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 52-week low of $11.28 and a 52-week high of $14.59. 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 business has a fifty day moving average of $12.10 and a two-hundred day moving average of $12.98.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same period in the prior year, the company earned ($0.01) earnings per share. As a group, research analysts forecast that Two Harbors Investment will post 0.47 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 15.20%. Two Harbors Investment’s dividend payout ratio is currently -37.34%.

Institutional Trading of Two Harbors Investment

A number of institutional investors have recently bought and sold shares of TWO. McIlrath & Eck LLC bought a new stake in Two Harbors Investment in the 3rd quarter valued at approximately $64,000. Geode Capital Management LLC increased its holdings 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 period. Barclays PLC lifted its holdings in shares of 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 acquiring an additional 133,869 shares during the period. State Street Corp boosted its position in shares of Two Harbors Investment by 2.7% during the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after acquiring an additional 102,294 shares in the last quarter. Finally, Beck Capital Management LLC bought a new position in Two Harbors Investment in the third quarter valued at approximately $194,000. 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.