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

Two Harbors Investment (NYSE:TWO - Get Free Report) was upgraded by StockNews.com to a "sell" rating in a report released on Tuesday.

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

Two Harbors Investment Stock Up 0.3 %

Shares of TWO stock traded up $0.04 during trading hours on Tuesday, reaching $12.02. The company had a trading volume of 1,668,590 shares, compared to its average volume of 1,307,582. The company has a market capitalization of $1.25 billion, a P/E ratio of -2.49 and a beta of 1.83. The stock's fifty day simple moving average is $11.72 and its 200 day simple moving average is $12.69. Two Harbors Investment has a twelve month low of $10.84 and a twelve month high of $14.27. 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 - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The company had revenue of $112.64 million for the quarter. During the same quarter last year, the business earned ($0.01) EPS. As a group, sell-side analysts expect that Two Harbors Investment will post 0.47 earnings per share for the current fiscal year.

Insider Activity

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 3,014 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total transaction of $33,877.36. Following the transaction, the insider now owns 149,364 shares in the company, valued at $1,678,851.36. This trade represents a 1.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Nicholas Letica sold 3,956 shares of the firm's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $44,346.76. Following the transaction, the executive now directly owns 180,712 shares in the company, valued at approximately $2,025,781.52. This represents a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,754 shares of company stock worth $333,307 in the last quarter. Corporate insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TWO. Legacy Financial Strategies LLC grew its holdings in Two Harbors Investment by 42.0% during the 4th quarter. Legacy Financial Strategies LLC now owns 16,900 shares of the real estate investment trust's stock worth $203,000 after acquiring an additional 5,000 shares during the last quarter. KBC Group NV lifted its holdings in Two Harbors Investment by 86.5% during the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after buying an additional 3,077 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Two Harbors Investment by 97.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust's stock valued at $687,000 after buying an additional 28,607 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Two Harbors Investment by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust's stock valued at $3,583,000 after buying an additional 3,391 shares during the period. Finally, McIlrath & Eck LLC bought a new position in shares of Two Harbors Investment during the third quarter worth about $64,000. Institutional investors 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.