Two Harbors Investment (NYSE:TWO) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Two Harbors Investment (NYSE:TWO) from a sell rating to a hold rating in a report published on Wednesday morning.

A number of other equities analysts have also recently weighed in on the stock. Jonestrading began coverage on shares of Two Harbors Investment in a research report on Friday, March 22nd. They set a hold rating for the company. JMP Securities reaffirmed a market outperform rating and set a $15.00 price objective on shares of Two Harbors Investment in a research report on Thursday, April 18th. TheStreet cut shares of Two Harbors Investment from a c- rating to a d rating in a research report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Two Harbors Investment from $13.50 to $12.50 and set a neutral rating for the company in a research report on Wednesday, April 10th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $14.57.

Two Harbors Investment Stock Up 1.6 %

Shares of NYSE TWO opened at $13.09 on Wednesday. The company has a 50 day simple moving average of $12.63 and a 200-day simple moving average of $12.97. The company has a market capitalization of $1.35 billion, a P/E ratio of 7.35 and a beta of 1.85. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.09 and a quick ratio of 1.48. Two Harbors Investment has a 1 year low of $9.83 and a 1 year high of $14.59.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were given a $0.45 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.80 annualized dividend and a yield of 13.75%. Two Harbors Investment’s dividend payout ratio is presently 101.12%.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, CFO Mary Kathryn Riskey sold 2,150 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $26,445.00. Following the completion of the transaction, the chief financial officer now owns 83,605 shares of the company’s stock, valued at approximately $1,028,341.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Mary Kathryn Riskey sold 2,150 shares of Two Harbors Investment stock in a transaction on Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $26,445.00. Following the completion of the sale, the chief financial officer now directly owns 83,605 shares of the company’s stock, valued at approximately $1,028,341.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William Ross Greenberg sold 7,170 shares of Two Harbors Investment stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $88,191.00. Following the sale, the chief executive officer now directly owns 264,079 shares of the company’s stock, valued at $3,248,171.70. The disclosure for this sale can be found here. Insiders sold 13,752 shares of company stock valued at $169,150 in the last 90 days. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TWO. AE Wealth Management LLC increased its stake in Two Harbors Investment by 7.0% in the third quarter. AE Wealth Management LLC now owns 17,020 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 1,113 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Two Harbors Investment in the third quarter valued at about $256,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Two Harbors Investment by 30.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,611 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 4,837 shares in the last quarter. Teamwork Financial Advisors LLC boosted its holdings in shares of Two Harbors Investment by 7.0% in the third quarter. Teamwork Financial Advisors LLC now owns 15,786 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Two Harbors Investment by 5.4% in the third quarter. Nisa Investment Advisors LLC now owns 36,564 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 1,872 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.