Two Harbors Investment (NYSE:TWO) Price Target Raised to $12.50

Two Harbors Investment (NYSE:TWO) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $11.00 to $12.50 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 2.23% from the stock’s previous close.

TWO has been the topic of a number of other reports. Royal Bank of Canada cut their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a report on Thursday, January 23rd. Compass Point cut their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. Finally, StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Two Harbors Investment currently has an average rating of “Hold” and an average target price of $13.79.

Two Harbors Investment Trading Up 1.8 %

TWO traded up $0.23 on Friday, hitting $12.79. 811,781 shares of the company were exchanged, compared to its average volume of 1,376,890. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investment has a 12 month low of $10.84 and a 12 month high of $14.27. The firm has a fifty day simple moving average of $11.76 and a two-hundred day simple moving average of $12.67. The stock has a market capitalization of $1.33 billion, a PE ratio of 6.06 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.44%. Sell-side analysts expect that Two Harbors Investment will post 0.82 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Rebecca B. Sandberg sold 3,785 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.14, for a total transaction of $42,164.90. Following the completion of the sale, the insider now owns 152,378 shares of the company’s stock, valued at $1,697,490.92. The trade was a 2.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CIO Nicholas Letica sold 6,040 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the transaction, the executive now directly owns 174,672 shares in the company, valued at approximately $1,944,099.36. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,754 shares of company stock valued at $333,307. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors and hedge funds have recently bought and sold shares of the business. Phocas Financial Corp. bought a new stake in shares of Two Harbors Investment in the third quarter worth about $3,505,000. International Assets Investment Management LLC raised its holdings in shares of Two Harbors Investment by 1,392.7% during the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after acquiring an additional 180,516 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Two Harbors Investment by 20.2% during the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock valued at $10,564,000 after acquiring an additional 149,870 shares during the last quarter. Barclays PLC grew its holdings in shares of Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after purchasing an additional 133,869 shares in the last quarter. Finally, State Street Corp increased its position in Two Harbors Investment by 2.7% in the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after purchasing an additional 102,294 shares during the last quarter. 64.19% of the stock is owned by institutional investors.

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.