ValuEngine Upgrades Two Harbors Investment (TWO) to “Sell”

Two Harbors Investment (NYSE:TWO) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Friday, ValuEngine reports.

A number of other research firms have also weighed in on TWO. Maxim Group reissued a “buy” rating and issued a $15.00 price objective on shares of Two Harbors Investment in a research report on Thursday, February 7th. Credit Suisse Group reissued a “hold” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a research report on Thursday, February 7th. Barclays set a $15.00 price objective on shares of Two Harbors Investment and gave the company a “buy” rating in a research report on Saturday, February 9th. TheStreet lowered shares of Two Harbors Investment from a “c” rating to a “d+” rating in a research report on Thursday, February 7th. Finally, Nomura began coverage on shares of Two Harbors Investment in a research report on Wednesday, March 27th. They set a “neutral” rating and a $18.00 price target for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Two Harbors Investment has a consensus rating of “Hold” and a consensus target price of $15.89.

NYSE:TWO opened at $13.35 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3.64 billion, a PE ratio of 6.78 and a beta of 0.52. Two Harbors Investment has a 1-year low of $12.63 and a 1-year high of $16.27.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $82.00 million during the quarter, compared to analyst estimates of $84.64 million. Two Harbors Investment had a negative net margin of 35.93% and a positive return on equity of 14.23%. The company’s revenue was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. Research analysts anticipate that Two Harbors Investment will post 1.82 earnings per share for the current fiscal year.

In related news, CEO Thomas Siering purchased 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was purchased at an average price of $13.80 per share, with a total value of $48,300.00. Following the completion of the transaction, the chief executive officer now owns 1,104,342 shares of the company’s stock, valued at approximately $15,239,919.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Great West Life Assurance Co. Can increased its position in Two Harbors Investment by 14.6% during the fourth quarter. Great West Life Assurance Co. Can now owns 30,862 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 3,936 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in Two Harbors Investment during the fourth quarter worth approximately $278,000. Bank of New York Mellon Corp grew its stake in Two Harbors Investment by 24.5% during the third quarter. Bank of New York Mellon Corp now owns 1,012,943 shares of the real estate investment trust’s stock worth $15,123,000 after buying an additional 199,121 shares during the period. Comerica Bank grew its stake in Two Harbors Investment by 15.2% during the fourth quarter. Comerica Bank now owns 192,060 shares of the real estate investment trust’s stock worth $2,791,000 after buying an additional 25,408 shares during the period. Finally, Two Sigma Investments LP grew its stake in Two Harbors Investment by 41.4% during the fourth quarter. Two Sigma Investments LP now owns 734,881 shares of the real estate investment trust’s stock worth $9,436,000 after buying an additional 215,241 shares during the period. 57.01% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Company Profile

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, and hybrid adjustable-rate mortgage (ARMs); 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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Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

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