Two Harbors Investment (NYSE:TWO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Two Harbors Investment (NYSE:TWO - Free Report) to a sell rating in a research note released on Thursday.

Other research analysts also recently issued research reports about the stock. Compass Point reduced their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating on the stock in a research report on Monday, November 25th. JMP Securities reduced their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating on the stock in a research report on Thursday, October 17th. Royal Bank of Canada lowered their price target on shares of 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. reduced their price objective on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Finally, Janney Montgomery Scott started coverage on Two Harbors Investment in a research note on Friday, August 16th. They issued a "buy" rating and a $15.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $14.18.

Two Harbors Investment Price Performance

Shares of NYSE TWO traded down $0.04 during mid-day trading on Thursday, hitting $11.89. 1,358,738 shares of the stock were exchanged, compared to its average volume of 1,097,569. Two Harbors Investment has a twelve month low of $11.28 and a twelve month high of $14.59. The stock's fifty day simple moving average is $12.13 and its two-hundred day simple moving average is $12.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $1.23 billion, a P/E ratio of -2.47 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). The business had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same period last year, the company earned ($0.01) earnings per share. As a group, analysts forecast that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.15%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment's dividend payout ratio (DPR) is currently -37.34%.

Institutional Investors Weigh In On Two Harbors Investment

A number of institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its position in shares of Two Harbors Investment by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust's stock worth $688,000 after purchasing an additional 1,000 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust's stock worth $168,000 after acquiring an additional 1,230 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in 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 valued at $29,000 after acquiring an additional 2,100 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Two Harbors Investment by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust's stock valued at $677,000 after purchasing an additional 2,241 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Two Harbors Investment by 9.5% during the second quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust's stock worth $382,000 after acquiring an additional 2,519 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

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.