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

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

Several other brokerages have also recently weighed in on TWO. Royal Bank of Canada lowered their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a research note on Tuesday. Finally, Compass Point reduced their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. One equities 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.79.

Two Harbors Investment Trading Up 1.8 %

Shares of TWO traded up $0.23 during trading hours on Friday, reaching $12.79. 811,781 shares of the company traded hands, compared to its average volume of 1,376,890. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 6.06 and a beta of 1.83. Two Harbors Investment has a 12-month low of $10.84 and a 12-month high of $14.27. The stock’s fifty day moving average price is $11.76 and its 200 day moving average price is $12.67. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80.

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

Insider Transactions at Two Harbors Investment

In related news, insider Rebecca B. Sandberg sold 5,025 shares of Two Harbors Investment stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the sale, the insider now owns 156,163 shares of the company’s stock, valued at $1,750,587.23. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CIO Nicholas Letica sold 6,040 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $11.13, for a total transaction of $67,225.20. Following the completion of the transaction, the executive now owns 174,672 shares in the company, valued at approximately $1,944,099.36. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,754 shares of company stock valued at $333,307 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Two Harbors Investment

Several large investors have recently made changes to their positions in TWO. Northwestern Mutual Wealth Management Co. boosted its position in Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,100 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment during the 3rd quarter valued at about $64,000. KBC Group NV raised its holdings in Two Harbors Investment by 86.5% in the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 3,077 shares during the period. Simplify Asset Management Inc. purchased a new position in Two Harbors Investment during the third quarter worth approximately $134,000. Finally, AQR Capital Management LLC acquired a new stake in Two Harbors Investment in the second quarter valued at approximately $147,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

About Two Harbors Investment

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.