Two Harbors Investments (NYSE:TWO) Downgraded by Zacks Research to “Hold”

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

TWO has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday. Wall Street Zen upgraded Two Harbors Investments from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Maxim Group cut Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. JPMorgan Chase & Co. lifted their price target on shares of Two Harbors Investments from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, UBS Group decreased their price objective on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.96.

Two Harbors Investments Stock Performance

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

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

Insider Buying and Selling at Two Harbors Investments

In related news, insider Robert Rush sold 23,594 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $11.43, for a total transaction of $269,679.42. Following the transaction, the insider directly owned 98,207 shares in the company, valued at $1,122,506.01. The trade was a 19.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CIO Nicholas Letica sold 55,488 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $11.42, for a total value of $633,672.96. Following the completion of the transaction, the executive directly owned 166,507 shares of the company’s stock, valued at approximately $1,901,509.94. This trade represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 124,307 shares of company stock valued at $1,420,130 in the last three months. 0.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC bought a new position in Two Harbors Investments in the third quarter worth $25,000. Quarry LP raised its stake in shares of Two Harbors Investments by 695.6% in the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 2,991 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Two Harbors Investments by 240.4% during the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 2,380 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Two Harbors Investments during the 3rd quarter valued at about $42,000. Finally, CWM LLC increased its stake in Two Harbors Investments by 456.0% in the third 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. 64.19% of the stock is currently owned by institutional investors and hedge funds.

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.