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

Two Harbors Investment (NYSE:TWO) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

TWO has been the subject of a number of other research reports. Compass Point decreased 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 report on Monday, November 25th. JPMorgan Chase & Co. increased their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Royal Bank of Canada cut their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Finally, JMP Securities reiterated a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.79.

Two Harbors Investment Stock Performance

TWO opened at $12.76 on Wednesday. The company’s fifty day moving average price is $11.79 and its two-hundred day moving average price is $12.64. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 6.05 and a beta of 1.84. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. Two Harbors Investment has a 1-year low of $10.84 and a 1-year high of $14.27.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. On average, analysts expect that Two Harbors Investment will post 0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Rebecca B. Sandberg sold 3,014 shares of Two Harbors Investment stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.24, for a total value of $33,877.36. Following the transaction, the insider now directly owns 149,364 shares of the company’s stock, valued at $1,678,851.36. The trade was a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CIO Nicholas Letica sold 3,956 shares of Two Harbors Investment stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the transaction, the executive now directly owns 180,712 shares in the company, valued at approximately $2,025,781.52. The trade was a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,754 shares of company stock valued at $333,307. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Two Harbors Investment

Large investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. bought a new stake in Two Harbors Investment in the third quarter valued at $3,505,000. Geode Capital Management LLC boosted its holdings in Two Harbors Investment by 2.0% in the third 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 acquiring an additional 48,264 shares in the last quarter. Barclays PLC boosted its holdings in Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after acquiring an additional 133,869 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Two Harbors Investment by 1,392.7% in the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock valued at $2,685,000 after acquiring an additional 180,516 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Two Harbors Investment in the third quarter valued at $217,000. Institutional investors own 64.19% of the company’s stock.

About Two Harbors Investment

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.