Two Harbors Investments Corp (NYSE:TWO) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday.

According to Zacks, “Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. “

Other equities research analysts have also issued research reports about the company. Credit Suisse Group reissued a “buy” rating and issued a $10.00 price objective on shares of Two Harbors Investments Corp in a report on Thursday, August 10th. Maxim Group reissued a “buy” rating and issued a $10.25 price objective on shares of Two Harbors Investments Corp in a report on Tuesday, August 8th. Finally, BidaskClub raised Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.95.

Two Harbors Investments Corp (NYSE TWO) traded up 0.646% during trading on Wednesday, hitting $10.125. 865,035 shares of the company’s stock traded hands. The company has a market cap of $3.53 billion, a PE ratio of 6.618 and a beta of 0.58. The company’s 50 day moving average price is $10.11 and its 200 day moving average price is $9.99. Two Harbors Investments Corp has a 52-week low of $8.04 and a 52-week high of $10.54. Shares of Two Harbors Investments Corp are scheduled to reverse split on Thursday, November 2nd. The 1-2 reverse split was announced on Thursday, September 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 1st.

Two Harbors Investments Corp (NYSE:TWO) last released its earnings results on Monday, August 7th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. The company had revenue of $117.79 million for the quarter, compared to analysts’ expectations of $123.04 million. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. Analysts expect that Two Harbors Investments Corp will post $1.07 earnings per share for the current year.

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In related news, Director Brian Taylor bought 32,000 shares of Two Harbors Investments Corp stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $10.06 per share, with a total value of $321,920.00. Following the acquisition, the director now directly owns 51,865 shares of the company’s stock, valued at $521,761.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Two Harbors Investment Corp. bought 14,772 shares of Two Harbors Investments Corp stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $19.10 per share, with a total value of $282,145.20. The disclosure for this purchase can be found here. Insiders have acquired a total of 118,829 shares of company stock valued at $1,925,821 in the last ninety days. Insiders own 1.16% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TWO. UBS Asset Management Americas Inc. grew its holdings in shares of Two Harbors Investments Corp by 19.5% during the first quarter. UBS Asset Management Americas Inc. now owns 281,923 shares of the real estate investment trust’s stock worth $2,704,000 after purchasing an additional 45,977 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Two Harbors Investments Corp by 4.1% during the first quarter. Ameriprise Financial Inc. now owns 84,990 shares of the real estate investment trust’s stock worth $816,000 after purchasing an additional 3,354 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Two Harbors Investments Corp by 21.5% during the first quarter. Prudential Financial Inc. now owns 882,875 shares of the real estate investment trust’s stock worth $8,467,000 after purchasing an additional 156,231 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Two Harbors Investments Corp by 5.8% during the first quarter. Neuberger Berman Group LLC now owns 447,282 shares of the real estate investment trust’s stock worth $4,289,000 after purchasing an additional 24,719 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Two Harbors Investments Corp by 0.7% during the first quarter. Principal Financial Group Inc. now owns 61,784 shares of the real estate investment trust’s stock worth $593,000 after purchasing an additional 454 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Two Harbors Investments Corp Company Profile

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

Analyst Recommendations for Two Harbors Investments Corp (NYSE:TWO)

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