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

StockNews.com downgraded shares of Two Harbors Investment (NYSE:TWO) from a hold rating to a sell rating in a research report released on Tuesday morning.

Several other equities research analysts have also recently weighed in on TWO. Janney Montgomery Scott started coverage on Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 target price for the company. JMP Securities reduced their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. Compass Point assumed coverage on Two Harbors Investment in a research note on Thursday, October 3rd. They set a “buy” rating and a $15.75 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.32.

Two Harbors Investment Stock Performance

NYSE:TWO opened at $11.41 on Tuesday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -2.37 and a beta of 1.85. Two Harbors Investment has a fifty-two week low of $11.37 and a fifty-two week high of $14.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.07. The stock has a fifty day moving average price of $13.34 and a 200-day moving average price of $13.17.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data 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). 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 quarter last year, the firm earned ($0.01) EPS. As a group, equities analysts anticipate that Two Harbors Investment will post 0.7 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 15.78%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio (DPR) is currently -37.34%.

Institutional Trading of Two Harbors Investment

Several institutional investors have recently modified their holdings of the business. Mutual of America Capital Management LLC lifted its holdings in Two Harbors Investment by 5.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 944 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Two Harbors Investment by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock valued at $688,000 after acquiring an additional 1,000 shares during the last quarter. QRG Capital Management Inc. increased its position in Two Harbors Investment by 11.3% during the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 1,230 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Two Harbors Investment by 12.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 1,798 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position 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 purchasing an additional 2,100 shares during the period. 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.