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

Two Harbors Investment (NYSE:TWO - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday.

Other equities analysts have also issued reports about the company. JMP Securities reduced their target price on Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating for the company in a report on Thursday, October 17th. 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 for the company. Compass Point began coverage on Two Harbors Investment in a report on Thursday, October 3rd. They issued a "buy" rating and a $15.75 target price for the company. Finally, JPMorgan Chase & Co. increased their price objective on Two Harbors Investment from $12.50 to $13.00 and gave the company a "neutral" rating in a report on Tuesday, July 16th. One research 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $14.96.

Two Harbors Investment Stock Performance

Shares of TWO stock traded down $0.84 during trading on Tuesday, hitting $11.97. The company's stock had a trading volume of 5,005,685 shares, compared to its average volume of 1,099,325. The company has a market cap of $1.24 billion, a PE ratio of 29.20 and a beta of 1.85. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. The business has a fifty day moving average of $13.47 and a 200-day moving average of $13.19. Two Harbors Investment has a 52 week low of $9.89 and a 52 week high of $14.59.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.15. The company had revenue of $115.95 million during the quarter. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. During the same period in the prior year, the company earned ($0.04) earnings per share. As a group, research analysts anticipate that Two Harbors Investment will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Two Harbors Investment

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Two Harbors Investment by 1,680.0% in the second 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 during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Two Harbors Investment by 38.7% in 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 acquiring an additional 2,306 shares during the period. QRG Capital Management Inc. bought a new position in shares of Two Harbors Investment in the second quarter worth $144,000. AQR Capital Management LLC bought a new position in shares of Two Harbors Investment in the second quarter worth $147,000. Finally, Teamwork Financial Advisors LLC bought a new position in shares of Two Harbors Investment in the third quarter worth $173,000. 64.19% of the stock is owned by institutional investors.

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.

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