Two Harbors Investments (NYSE:TWO) Given New $12.00 Price Target at JPMorgan Chase & Co.

Two Harbors Investments (NYSE:TWO) had its target price upped by JPMorgan Chase & Co. from $11.00 to $12.00 in a report published on Friday,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. Weiss Ratings upgraded Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Compass Point reaffirmed a “neutral” rating and issued a $13.00 price target on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Two Harbors Investments has a consensus rating of “Reduce” and an average price target of $12.75.

Two Harbors Investments Stock Down 0.0%

Shares of NYSE TWO opened at $12.10 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $1.27 billion, a P/E ratio of -3.17 and a beta of 1.03. Two Harbors Investments has a 1 year low of $8.78 and a 1 year high of $14.17. The firm has a 50-day simple moving average of $12.34 and a two-hundred day simple moving average of $11.62.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%.The firm had revenue of $225.08 million for the quarter, compared to the consensus estimate of $2.33 million. Research analysts anticipate that Two Harbors Investments will post 0.8 earnings per share for the current year.

Two Harbors Investments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 11.2%. Two Harbors Investments’s payout ratio is -35.60%.

Hedge Funds Weigh In On Two Harbors Investments

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP raised its holdings in shares of Two Harbors Investments by 695.6% in the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,991 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Two Harbors Investments by 34.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 981 shares in the last quarter. Advisory Services Network LLC purchased a new position in Two Harbors Investments during the 3rd quarter valued at about $42,000. Ballast Advisors LLC purchased a new position in Two Harbors Investments during the 1st quarter valued at about $50,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Two Harbors Investments in the 4th quarter valued at about $68,000. Institutional investors own 64.19% of the company’s stock.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.