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

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

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

Two Harbors Investments Price Performance

Shares of TWO stock opened at $10.56 on Monday. The stock’s fifty day simple moving average is $10.08 and its 200 day simple moving average is $10.09. Two Harbors Investments has a one year low of $9.30 and a one year high of $14.28. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -4.22 and a beta of 1.20. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.09 and a quick ratio of 1.09.

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

Insider Buying and Selling

In related news, CIO Nicholas Letica sold 55,488 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $11.42, for a total value of $633,672.96. Following the transaction, the executive owned 166,507 shares in the company, valued at $1,901,509.94. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 trade represents a 19.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 124,307 shares of company stock worth $1,420,130. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of Two Harbors Investments

A number of institutional investors and hedge funds have recently modified their holdings of TWO. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Two Harbors Investments in the third quarter valued at approximately $25,000. AlphaQuest LLC grew its holdings in shares of Two Harbors Investments by 240.4% in the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $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% 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. Advisory Services Network LLC acquired a new stake in Two Harbors Investments during the 3rd quarter worth $42,000. Finally, CWM LLC lifted its holdings in Two Harbors Investments by 456.0% during the third quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 4,482 shares in the last quarter. 64.19% of the stock is owned by institutional investors.

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.