Zacks Investment Research downgraded shares of Two Harbors Investments Corp (NYSE:TWO) from a buy rating to a hold rating in a research note published 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. “

Several other equities research analysts have also recently commented on the stock. ValuEngine raised shares of Two Harbors Investments Corp from a buy rating to a strong-buy rating in a research report on Thursday, November 2nd. Barclays PLC boosted their price objective on shares of Two Harbors Investments Corp from $10.00 to $17.00 and gave the company an overweight rating in a research report on Thursday, November 9th. Maxim Group reaffirmed a buy rating and issued a $20.50 price objective on shares of Two Harbors Investments Corp in a research report on Tuesday, August 8th. B. Riley raised shares of Two Harbors Investments Corp from a neutral rating to a buy rating and cut their price objective for the company from $20.00 to $16.50 in a research report on Friday, November 10th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Two Harbors Investments Corp from a strong-buy rating to a buy rating in a research report on Friday, July 28th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $18.50.

Shares of Two Harbors Investments Corp (TWO) opened at $15.75 on Wednesday. The company has a market cap of $2,730.00 and a price-to-earnings ratio of 7.42. Two Harbors Investments Corp has a 52-week low of $13.46 and a 52-week high of $17.29. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.33 and a quick ratio of 1.33.

Two Harbors Investments Corp (NYSE:TWO) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.27 by $0.24. The business had revenue of $115.03 million for the quarter, compared to analysts’ expectations of $112.87 million. Two Harbors Investments Corp had a net margin of 63.23% and a return on equity of 10.27%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. equities analysts predict that Two Harbors Investments Corp will post 2.08 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were paid a $0.52 dividend. This is a positive change from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. This represents a $2.08 annualized dividend and a yield of 13.21%. The ex-dividend date was Thursday, September 28th. Two Harbors Investments Corp’s payout ratio is presently 71.72%.

In other news, CEO Thomas Siering acquired 3,500 shares of the stock in a transaction dated Monday, November 13th. The shares were bought at an average cost of $15.30 per share, for a total transaction of $53,550.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Two Harbors Investment Corp. acquired 25,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average price of $18.82 per share, for a total transaction of $470,500.00. The disclosure for this purchase can be found here. Insiders acquired a total of 134,644 shares of company stock worth $2,503,673 over the last quarter. Company insiders own 1.16% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Two Harbors Investments Corp by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 28,500,232 shares of the real estate investment trust’s stock worth $282,437,000 after purchasing an additional 329,603 shares during the last quarter. Delphi Financial Group Inc. increased its stake in shares of Two Harbors Investments Corp by 1.1% during the 3rd quarter. Delphi Financial Group Inc. now owns 7,193,819 shares of the real estate investment trust’s stock worth $72,442,000 after purchasing an additional 80,000 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Two Harbors Investments Corp by 110.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,908,716 shares of the real estate investment trust’s stock worth $58,555,000 after purchasing an additional 3,099,465 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Two Harbors Investments Corp by 145.8% during the 3rd quarter. Janus Henderson Group PLC now owns 5,705,879 shares of the real estate investment trust’s stock worth $57,515,000 after purchasing an additional 3,384,072 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Two Harbors Investments Corp by 4.3% during the 2nd quarter. State Street Corp now owns 5,254,781 shares of the real estate investment trust’s stock worth $52,078,000 after purchasing an additional 217,529 shares during the last quarter.

About Two Harbors Investments Corp

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.

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

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