Two Harbors Investment (TWO) Upgraded to Sell by ValuEngine

Two Harbors Investment (NYSE:TWO) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Monday.

Several other research firms also recently weighed in on TWO. Zacks Investment Research raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Deutsche Bank downgraded shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Compass Point set a $16.00 price target on shares of Two Harbors Investment and gave the company a “buy” rating in a research note on Thursday, August 9th. Barclays set a $17.00 price target on shares of Two Harbors Investment and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Raymond James initiated coverage on shares of Two Harbors Investment in a research note on Thursday, October 11th. They issued an “outperform” rating and a $16.50 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $16.43.

TWO opened at $14.70 on Monday. Two Harbors Investment has a 1-year low of $13.85 and a 1-year high of $16.83. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 7.07 and a beta of 0.26.



Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.06. Two Harbors Investment had a net margin of 80.75% and a return on equity of 11.49%. The firm had revenue of $172.12 million during the quarter. On average, equities analysts predict that Two Harbors Investment will post 1.93 earnings per share for the current year.

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

Several large investors have recently bought and sold shares of the company. State Treasurer State of Michigan increased its position in shares of Two Harbors Investment by 37.8% during the third quarter. State Treasurer State of Michigan now owns 11,552,142 shares of the real estate investment trust’s stock worth $172,473,000 after acquiring an additional 3,170,000 shares in the last quarter. Boston Partners increased its position in shares of Two Harbors Investment by 2.3% during the second quarter. Boston Partners now owns 3,419,235 shares of the real estate investment trust’s stock worth $54,023,000 after acquiring an additional 78,277 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Two Harbors Investment by 3.8% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,407,950 shares of the real estate investment trust’s stock worth $53,845,000 after acquiring an additional 123,350 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. increased its position in shares of Two Harbors Investment by 13.2% during the second 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 acquiring an additional 367,155 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Two Harbors Investment by 5.2% during the second quarter. LSV Asset Management now owns 2,423,320 shares of the real estate investment trust’s stock worth $38,288,000 after acquiring an additional 119,950 shares in the last quarter. 46.35% of the stock is owned by institutional investors.

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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