Maxim Group Issues Pessimistic Forecast for Two Harbors Investments (NYSE:TWO) Stock Price

Two Harbors Investments (NYSE:TWO) had its target price dropped by analysts at Maxim Group from $15.00 to $12.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Maxim Group’s price target would indicate a potential upside of 20.72% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Citizens Jmp reissued a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Wall Street Zen lowered Two Harbors Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. JMP Securities reissued a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Royal Bank Of Canada lowered their target price on Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lowered their target price on Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.88.

Two Harbors Investments Trading Down 1.5%

Shares of TWO stock opened at $9.94 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. The business has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $11.82. Two Harbors Investments has a 12-month low of $9.76 and a 12-month high of $14.28. The firm has a market cap of $1.03 billion, a P/E ratio of -2.79 and a beta of 1.26.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. The firm had revenue of ($18.12) million during the quarter, compared to analyst estimates of ($23.29) million. Equities analysts anticipate that Two Harbors Investments will post 0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. CWM LLC grew its holdings in shares of Two Harbors Investments by 68.4% during the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 890 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Two Harbors Investments by 818.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,963 shares during the period. Montag A & Associates Inc. grew its holdings in shares of Two Harbors Investments by 29.2% during the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 1,193 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Two Harbors Investments by 233.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 4,552 shares during the period. Finally, Wolverine Trading LLC grew its holdings in shares of Two Harbors Investments by 866.3% during the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 9,443 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments 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.