Two Harbors Investment (NYSE:TWO) Lifted to “Hold” at StockNews.com

Two Harbors Investment (NYSE:TWO) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

TWO has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Janney Montgomery Scott initiated coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 target price for the company. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Two Harbors Investment in a research report on Wednesday, August 28th. Finally, Compass Point initiated coverage on shares of Two Harbors Investment in a research report on Thursday, October 3rd. They issued a “buy” rating and a $15.75 target price for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.04.

Two Harbors Investment Trading Down 1.7 %

Shares of NYSE:TWO opened at $12.82 on Friday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 7.20 and a beta of 1.85. Two Harbors Investment has a 1-year low of $9.83 and a 1-year high of $14.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50 day moving average price of $13.66 and a 200 day moving average price of $13.17.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. The business had revenue of $115.95 million during the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same quarter last year, the company posted ($0.04) EPS. On average, research analysts anticipate that Two Harbors Investment will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TWO. Vanguard Group Inc. grew its stake in Two Harbors Investment by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after buying an additional 1,135,012 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Two Harbors Investment by 1.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,250,149 shares of the real estate investment trust’s stock valued at $69,512,000 after buying an additional 99,577 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Two Harbors Investment by 155.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock valued at $18,516,000 after buying an additional 801,837 shares during the last quarter. Van ECK Associates Corp grew its position in Two Harbors Investment by 48.2% in the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock worth $11,324,000 after purchasing an additional 278,666 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Two Harbors Investment by 6.8% in the 1st quarter. Principal Financial Group Inc. now owns 535,864 shares of the real estate investment trust’s stock worth $7,095,000 after purchasing an additional 34,304 shares during the last quarter. 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.