Two Harbors Investments (NYSE:TWO) Upgraded at Zacks Research

Zacks Research upgraded shares of Two Harbors Investments (NYSE:TWO) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently issued reports on TWO. Maxim Group downgraded Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday, December 18th. Compass Point downgraded Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a research note on Monday, December 29th. UBS Group downgraded Two Harbors Investments from a “buy” rating to a “neutral” rating and upped their price objective for the company from $11.00 to $14.00 in a research note on Friday, January 23rd. Finally, 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 research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $12.88.

Two Harbors Investments Stock Performance

Two Harbors Investments stock opened at $10.98 on Monday. The business has a 50 day moving average of $10.73 and a 200-day moving average of $10.60. Two Harbors Investments has a 1 year low of $8.78 and a 1 year high of $14.17. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $1.15 billion, a P/E ratio of -2.24 and a beta of 1.08.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) 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 firm had revenue of $182.18 million during the quarter, compared to analyst estimates of ($15.44) million. On average, equities research analysts predict that Two Harbors Investments will post 0.81 earnings per share for the current year.

Two Harbors Investments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Thursday, April 2nd. Two Harbors Investments’s dividend payout ratio is currently -27.81%.

Institutional Trading of Two Harbors Investments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWO. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Two Harbors Investments during the 3rd quarter valued at approximately $25,000. Quarry LP increased its position in Two Harbors Investments by 695.6% during the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,991 shares during the period. Smartleaf Asset Management LLC increased its position in Two Harbors Investments by 34.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 981 shares during the period. Advisory Services Network LLC acquired a new stake in Two Harbors Investments during the 3rd quarter valued at approximately $42,000. Finally, CWM LLC increased its position in Two Harbors Investments by 456.0% during the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 4,482 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

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.