Two Harbors Investment’s (TWO) Market Outperform Rating Reaffirmed at JMP Securities

Two Harbors Investment (NYSE:TWO)‘s stock had its “market outperform” rating reiterated by analysts at JMP Securities in a report issued on Thursday, Benzinga reports. They presently have a $15.00 target price on the real estate investment trust’s stock. JMP Securities’ price target suggests a potential upside of 23.66% from the company’s current price.

Other analysts have also recently issued reports about the company. TheStreet cut Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th. StockNews.com cut Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. decreased their price objective on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Finally, Jonestrading initiated coverage on Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Two Harbors Investment presently has a consensus rating of “Hold” and a consensus price target of $14.50.

Two Harbors Investment Stock Up 1.9 %

Shares of NYSE TWO opened at $12.13 on Thursday. The stock has a market cap of $1.26 billion, a PE ratio of -6.07 and a beta of 1.87. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. Two Harbors Investment has a 52-week low of $9.83 and a 52-week high of $14.59. The business has a 50-day moving average price of $12.66 and a 200 day moving average price of $12.93.

Insiders Place Their Bets

In other news, CEO William Ross Greenberg sold 7,170 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following the completion of the sale, the chief executive officer now directly owns 264,079 shares of the company’s stock, valued at approximately $3,248,171.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Rebecca B. Sandberg sold 2,360 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $29,028.00. Following the completion of the sale, the insider now directly owns 117,399 shares of the company’s stock, valued at approximately $1,444,007.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William Ross Greenberg sold 7,170 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $88,191.00. Following the completion of the sale, the chief executive officer now directly owns 264,079 shares of the company’s stock, valued at $3,248,171.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,752 shares of company stock valued at $169,150. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Two Harbors Investment

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Two Harbors Investment by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 38,631,309 shares of the real estate investment trust’s stock valued at $128,256,000 after purchasing an additional 641,168 shares in the last quarter. BlackRock Inc. increased its stake in Two Harbors Investment by 10.8% in the 1st quarter. BlackRock Inc. now owns 16,693,244 shares of the real estate investment trust’s stock valued at $245,558,000 after purchasing an additional 1,624,206 shares in the last quarter. State Street Corp increased its stake in Two Harbors Investment by 2.6% in the 2nd quarter. State Street Corp now owns 13,064,956 shares of the real estate investment trust’s stock valued at $65,063,000 after purchasing an additional 332,585 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Two Harbors Investment by 1.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,250,149 shares of the real estate investment trust’s stock valued at $69,512,000 after purchasing an additional 99,577 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Two Harbors Investment by 20.7% in the 1st quarter. Invesco Ltd. now owns 4,846,112 shares of the real estate investment trust’s stock valued at $26,799,000 after purchasing an additional 830,513 shares in the last quarter. 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.