Zacks Research Upgrades Two Harbors Investments (NYSE:TWO) to Hold

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

Several other research analysts have also recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. Maxim Group cut shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a report on Thursday, December 18th. JPMorgan Chase & Co. decreased their target price on shares of Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating for the company in a report on Wednesday, February 4th. UBS Group cut shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and raised their target price for the stock from $11.00 to $14.00 in a report on Friday, January 23rd. Finally, Compass Point cut shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a report on Friday, March 27th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.88.

Two Harbors Investments Price Performance

Shares of NYSE:TWO traded up $0.05 during trading hours on Monday, hitting $10.99. 336,495 shares of the company’s stock traded hands, compared to its average volume of 3,904,769. Two Harbors Investments has a 52 week low of $8.78 and a 52 week high of $14.17. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The company’s fifty day simple moving average is $10.79 and its two-hundred day simple moving average is $10.59. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -2.25 and a beta of 1.08.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). Two Harbors Investments had a negative net margin of 109.90% and a positive return on equity of 12.00%. The business had revenue of $182.18 million for the quarter, compared to the consensus estimate of ($15.44) million. As a group, equities analysts anticipate that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Institutional Trading of Two Harbors Investments

Several institutional investors have recently made changes to their positions in the stock. Balyasny Asset Management L.P. raised its position in Two Harbors Investments by 490.7% during the second quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock valued at $38,599,000 after acquiring an additional 2,977,196 shares in the last quarter. Marshall Wace LLP bought a new position in Two Harbors Investments during the fourth quarter valued at approximately $23,886,000. Algebris UK Ltd. bought a new position in Two Harbors Investments during the third quarter valued at approximately $17,558,000. Schonfeld Strategic Advisors LLC bought a new position in Two Harbors Investments during the fourth quarter valued at approximately $16,523,000. Finally, Millennium Management LLC raised its position in Two Harbors Investments by 45.3% during the third quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock valued at $44,766,000 after acquiring an additional 1,415,062 shares in the last quarter. 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.