Two Harbors Investment (NYSE:TWO) Downgraded by StockNews.com

StockNews.com lowered shares of Two Harbors Investment (NYSE:TWO) from a hold rating to a sell rating in a report issued on Friday morning.

TWO has been the subject of several other research reports. Janney Montgomery Scott assumed coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a buy rating and a $15.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Two Harbors Investment from $12.50 to $13.00 and gave the stock a neutral rating in a research note on Tuesday, July 16th. JMP Securities reissued 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, UBS Group upgraded Two Harbors Investment from a neutral rating to a buy rating and lifted their target price for the company from $13.50 to $14.50 in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $14.90.

Two Harbors Investment Stock Performance

Two Harbors Investment stock opened at $13.94 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. Two Harbors Investment has a twelve month low of $9.83 and a twelve month high of $14.59. The company has a market capitalization of $1.44 billion, a PE ratio of 7.83 and a beta of 1.86. The firm has a fifty day simple moving average of $13.73 and a two-hundred day simple moving average of $13.13.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The firm had revenue of $115.95 million during the quarter. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Research analysts expect that Two Harbors Investment will post 0.46 EPS for the current year.

Two Harbors Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 12.91%. The ex-dividend date of this dividend is Tuesday, October 1st. Two Harbors Investment’s payout ratio is presently 101.12%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Howard Financial Services LTD. raised its stake in Two Harbors Investment by 2.3% in the first quarter. Howard Financial Services LTD. now owns 39,657 shares of the real estate investment trust’s stock valued at $525,000 after buying an additional 903 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Two Harbors Investment by 5.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 944 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Two Harbors Investment by 2.0% during the 2nd 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 during the last quarter. Triumph Capital Management boosted its holdings in shares of Two Harbors Investment by 7.8% during the first quarter. Triumph Capital Management now owns 23,491 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Two Harbors Investment by 12.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 1,798 shares during the period. Institutional investors and hedge funds 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.