Two Harbors Investment (NYSE:TWO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. “

Several other research analysts have also issued reports on TWO. ValuEngine upgraded shares of Two Harbors Investment from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Barclays set a $16.00 price target on shares of Two Harbors Investment and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Two Harbors Investment from $15.00 to $16.50 and gave the stock a “$15.84” rating in a research report on Monday, July 23rd. Compass Point set a $16.00 price target on shares of Two Harbors Investment and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, Deutsche Bank lowered shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $16.29.

NYSE:TWO traded up $0.18 during midday trading on Friday, hitting $14.46. 2,104,279 shares of the stock were exchanged, compared to its average volume of 1,800,136. Two Harbors Investment has a one year low of $13.85 and a one year high of $16.83. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 6.95 and a beta of 0.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $84.30 million for the quarter, compared to analyst estimates of $82.10 million. Two Harbors Investment had a net margin of 66.36% and a return on equity of 13.06%. During the same quarter in the previous year, the business posted $0.52 earnings per share. On average, sell-side analysts expect that Two Harbors Investment will post 1.96 EPS for the current year.

In other Two Harbors Investment news, Director James J. Bender sold 3,460 shares of Two Harbors Investment stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $15.60, for a total transaction of $53,976.00. Following the transaction, the director now directly owns 24,065 shares in the company, valued at approximately $375,414. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas Siering acquired 5,000 shares of the stock in a transaction on Wednesday, August 15th. The shares were purchased at an average price of $15.41 per share, for a total transaction of $77,050.00. The disclosure for this purchase can be found here. Insiders own 1.41% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nan Shan Life Insurance Co. Ltd. grew its position in Two Harbors Investment by 13.2% during the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 3,153,701 shares of the real estate investment trust’s stock worth $49,828,000 after purchasing an additional 367,155 shares in the last quarter. Glen Harbor Capital Management LLC grew its holdings in shares of Two Harbors Investment by 7.1% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 172,550 shares of the real estate investment trust’s stock valued at $2,726,000 after acquiring an additional 11,390 shares in the last quarter. Strs Ohio purchased a new position in shares of Two Harbors Investment during the 2nd quarter valued at $430,000. Confluence Investment Management LLC purchased a new position in shares of Two Harbors Investment during the 3rd quarter valued at $6,513,000. Finally, NumerixS Investment Technologies Inc grew its holdings in shares of Two Harbors Investment by 88.1% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 26,900 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 12,600 shares in the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.

About Two Harbors Investment

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.

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