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

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

TWO has been the subject of a number of other reports. JPMorgan Chase & Co. increased their target price 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. UBS Group raised Two Harbors Investment from a “neutral” rating to a “buy” rating and raised their price objective for the company from $13.50 to $14.50 in a research note on Friday, June 7th. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price objective on shares of Two Harbors Investment in a report on Wednesday, August 28th. Finally, Janney Montgomery Scott began coverage on Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.90.

Two Harbors Investment Trading Up 0.0 %

NYSE:TWO opened at $14.09 on Friday. 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 stock has a fifty day moving average price of $13.73 and a two-hundred day moving average price of $13.11. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 7.91 and a beta of 1.86.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. The business had revenue of $115.95 million during the quarter. During the same quarter in the prior year, the business earned ($0.04) EPS. As a group, sell-side analysts anticipate that Two Harbors Investment will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Two Harbors Investment

A number of institutional investors have recently made changes to their positions in TWO. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 2,100 shares during the last quarter. Cape Investment Advisory Inc. acquired a new stake in shares of Two Harbors Investment during the 4th quarter worth about $58,000. PNC Financial Services Group Inc. grew its holdings in shares of Two Harbors Investment by 38.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 2,306 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Two Harbors Investment in the second quarter valued at approximately $144,000. Finally, AQR Capital Management LLC purchased a new position in shares of Two Harbors Investment during the second quarter valued at approximately $147,000. 64.19% of the stock is owned by institutional investors and hedge funds.

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.