JMP Securities Issues Pessimistic Forecast for Two Harbors Investment (NYSE:TWO) Stock Price

Two Harbors Investment (NYSE:TWO) had its target price reduced by investment analysts at JMP Securities from $14.00 to $13.50 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ price objective indicates a potential upside of 23.12% from the company’s current price.

Several other equities research analysts have also recently issued reports on TWO. JPMorgan Chase & Co. cut their target price on Two Harbors Investment from $12.50 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods decreased their target price on shares of Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada increased their price objective on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.46.

Two Harbors Investment Stock Up 1.4 %

Shares of TWO opened at $10.97 on Thursday. Two Harbors Investment has a 52-week low of $10.16 and a 52-week high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $12.96 and a two-hundred day simple moving average of $12.37. The company has a market capitalization of $1.14 billion, a PE ratio of 5.20 and a beta of 1.36.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. As a group, equities analysts forecast that Two Harbors Investment will post 0.81 EPS for the current year.

Insider Transactions at Two Harbors Investment

In related news, insider Rebecca B. Sandberg sold 2,561 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at $1,902,566.88. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investment

Several hedge funds and other institutional investors have recently made changes to their positions in TWO. Sterling Capital Management LLC raised its holdings in Two Harbors Investment by 818.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 2,963 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment in the 4th quarter valued at $40,000. McIlrath & Eck LLC purchased a new stake in shares of Two Harbors Investment during the 3rd quarter worth $64,000. KBC Group NV grew its stake in shares of Two Harbors Investment by 86.5% during the fourth 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 in the last quarter. Finally, Wolverine Trading LLC raised its stake in Two Harbors Investment by 866.3% in the fourth quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 9,443 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

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.