Two Harbors Investments (NYSE:TWO) Stock Rating Lowered by Zacks Research

Two Harbors Investments (NYSE:TWO) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued research reports about the stock. UBS Group cut their price objective on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, September 3rd. Maxim Group downgraded Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. Wall Street Zen raised Two Harbors Investments from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. raised their target price on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.96.

Two Harbors Investments Stock Performance

TWO opened at $10.56 on Monday. The company has a market cap of $1.10 billion, a P/E ratio of -4.22 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average price is $10.08 and its 200-day moving average price is $10.09. Two Harbors Investments has a 52-week low of $9.30 and a 52-week high of $14.28.

Two Harbors Investments (NYSE:TWO) last released its earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share for the quarter. The company had revenue of ($18.67) million for the quarter. Two Harbors Investments had a negative net margin of 44.10% and a positive return on equity of 11.92%. As a group, equities analysts anticipate that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CIO Nicholas Letica sold 55,488 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.42, for a total transaction of $633,672.96. Following the completion of the sale, the executive owned 166,507 shares of the company’s stock, valued at $1,901,509.94. The trade was a 25.00% 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, insider Robert Rush sold 23,594 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.43, for a total transaction of $269,679.42. Following the completion of the transaction, the insider directly owned 98,207 shares in the company, valued at $1,122,506.01. This represents a 19.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 124,307 shares of company stock valued at $1,420,130. 0.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On Two Harbors Investments

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Two Harbors Investments in the 3rd quarter valued at about $25,000. AlphaQuest LLC boosted its stake in Two Harbors Investments by 240.4% during the second quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 2,380 shares during the period. Quarry LP increased its position in shares of Two Harbors Investments by 695.6% during the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,991 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Two Harbors Investments in the 3rd quarter valued at approximately $42,000. Finally, CWM LLC raised its stake in shares of Two Harbors Investments by 456.0% in the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 4,482 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.