Two Harbors Investment (NYSE:TWO) Raised to Sell at StockNews.com

Two Harbors Investment (NYSE:TWO) was upgraded by analysts at StockNews.com to a “sell” rating in a report issued on Tuesday.

A number of other analysts have also issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Royal Bank of Canada lowered their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. cut their price target on shares of Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, Compass Point lowered their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.54.

Two Harbors Investment Stock Performance

Shares of Two Harbors Investment stock opened at $11.99 on Tuesday. Two Harbors Investment has a one year low of $10.84 and a one year high of $14.27. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -2.49 and a beta of 1.83. The business’s 50 day moving average price is $11.71 and its 200 day moving average price is $12.70. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07.

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

Insider Activity at Two Harbors Investment

In related news, CIO Nicholas Letica sold 6,040 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $11.13, for a total transaction of $67,225.20. Following the completion of the sale, the executive now owns 174,672 shares in the company, valued at $1,944,099.36. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rebecca B. Sandberg sold 5,025 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the transaction, the insider now owns 156,163 shares in the company, valued at $1,750,587.23. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,754 shares of company stock valued at $333,307 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TWO. Northwestern Mutual Wealth Management Co. raised its stake in Two Harbors Investment by 1,680.0% during 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 acquiring an additional 2,100 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment during the third quarter worth about $64,000. KBC Group NV increased its position in shares of Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 3,077 shares in the last quarter. Simplify Asset Management Inc. purchased a new stake in shares of Two Harbors Investment in the 3rd quarter valued at about $134,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Two Harbors Investment in the 2nd quarter valued at about $147,000. 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.