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

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

Several other research firms have also recently issued reports on TWO. JPMorgan Chase & Co. increased their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Friday, January 31st. JMP Securities reiterated a "market outperform" rating and set a $14.00 price target on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Compass Point cut their price objective on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a report on Monday, November 25th. Finally, Royal Bank of Canada lowered their target price on Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating on the stock in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.79.

Two Harbors Investment Stock Performance

TWO stock traded down $0.05 on Wednesday, reaching $12.90. The company's stock had a trading volume of 1,108,999 shares, compared to its average volume of 1,228,369. The firm has a fifty day moving average of $11.88 and a two-hundred day moving average of $12.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The company has a market capitalization of $1.34 billion, a P/E ratio of 6.11 and a beta of 1.84. Two Harbors Investment has a 52 week low of $10.84 and a 52 week high of $14.27.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, analysts predict that Two Harbors Investment will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 13.96%. The ex-dividend date of this dividend was Friday, January 3rd. Two Harbors Investment's dividend payout ratio is 85.31%.

Insider Activity at Two Harbors Investment

In other 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 value of $33,877.36. Following the completion of the sale, the insider now owns 149,364 shares in the company, valued at $1,678,851.36. This represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the transaction, the executive now owns 174,672 shares in the company, valued at $1,944,099.36. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,754 shares of company stock worth $333,307 in the last quarter. 0.61% of the stock is owned by company insiders.

Institutional Trading of Two Harbors Investment

Several institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position in Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust's stock worth $29,000 after buying an additional 2,100 shares in the last quarter. McIlrath & Eck LLC bought a new position in Two Harbors Investment during the third quarter valued at approximately $64,000. KBC Group NV increased its stake in shares of 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 purchasing an additional 3,077 shares during the last quarter. Simplify Asset Management Inc. acquired a new stake in shares of Two Harbors Investment in the 3rd quarter valued at $134,000. Finally, Motiv8 Investments LLC acquired a new position in Two Harbors Investment during the fourth quarter worth $130,000. 64.19% of the stock is currently 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.