Two Harbors Investments (NYSE:TWO) Given "Sell (D)" Rating at Weiss Ratings

Key Points

• Two Harbors Investments' stock has been given a "Sell (D)" rating by Weiss Ratings, indicating a cautionary outlook from analysts.
• UBS Group has lowered its price target for the stock from $12.00 to $11.00 while maintaining a "buy" rating, amidst mixed analyst opinions with a consensus rating of "Hold."
• The company's recent quarterly earnings report showed an earnings per share of $0.28, aligning with estimates, though it reported a negative net margin of 67.06%.

Two Harbors Investments (NYSE:TWO - Get Free Report)'s stock had its "sell (d)" rating reissued by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

TWO has been the topic of several other reports. UBS Group cut their price target on Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, September 3rd. Citizens Jmp reaffirmed a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Maxim Group dropped their target price on Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, July 29th. Finally, JMP Securities restated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $12.43.

Two Harbors Investments Stock Performance

TWO stock traded up $0.29 during midday trading on Wednesday, reaching $9.94. The stock had a trading volume of 1,443,331 shares, compared to its average volume of 1,732,510. The firm has a fifty day simple moving average of $9.96 and a two-hundred day simple moving average of $10.76. The stock has a market cap of $1.04 billion, a PE ratio of -2.79 and a beta of 1.28. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investments has a 52-week low of $9.49 and a 52-week high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of ($18.12) million for the quarter, compared to the consensus estimate of ($23.29) million. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. As a group, equities research analysts anticipate that Two Harbors Investments will post 0.81 EPS for the current year.

Insider Transactions at Two Harbors Investments

In related news, CIO Nicholas Letica sold 8,654 shares of Two Harbors Investments stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $10.02, for a total value of $86,713.08. Following the sale, the executive directly owned 160,281 shares in the company, valued at approximately $1,606,015.62. The trade was a 5.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 the business. Teamwork Financial Advisors LLC purchased a new position in Two Harbors Investments in the 3rd quarter worth approximately $112,000. Osaic Holdings Inc. raised its position in shares of Two Harbors Investments by 11.1% during the 2nd quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust's stock valued at $142,000 after buying an additional 1,309 shares during the period. Marex Group plc purchased a new stake in shares of Two Harbors Investments during the 2nd quarter valued at approximately $395,000. Public Sector Pension Investment Board raised its position in shares of Two Harbors Investments by 7.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 354,682 shares of the real estate investment trust's stock valued at $3,820,000 after buying an additional 25,868 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Two Harbors Investments by 88.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,208 shares of the real estate investment trust's stock valued at $131,000 after buying an additional 5,720 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investments 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.

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