JPMorgan Chase & Co. Issues Pessimistic Forecast for Two Harbors Investments (NYSE:TWO) Stock Price

Two Harbors Investments (NYSE:TWO) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from $13.50 to $12.50 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.74% from the company’s previous close.

TWO has been the subject of several other research reports. Maxim Group downgraded shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday, December 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a research note on Monday, December 29th. UBS Group lowered Two Harbors Investments from a “buy” rating to a “neutral” rating and increased their price target for the company from $11.00 to $14.00 in a research report on Friday, January 23rd. Wall Street Zen raised Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Zacks Research downgraded shares of Two Harbors Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $12.88.

Two Harbors Investments Stock Performance

Shares of Two Harbors Investments stock opened at $11.93 on Wednesday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -2.44 and a beta of 1.19. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average of $11.46 and a 200 day moving average of $10.43. Two Harbors Investments has a 12 month low of $9.30 and a 12 month high of $14.28.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $182.18 million for the quarter, compared to analyst estimates of ($15.44) million. Two Harbors Investments had a positive return on equity of 12.00% and a negative net margin of 109.90%. As a group, sell-side analysts forecast that Two Harbors Investments will post 0.81 earnings per share for the current year.

Insiders Place Their Bets

In other Two Harbors Investments news, CIO Nicholas Letica sold 55,488 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $11.42, for a total transaction of $633,672.96. Following the transaction, the executive owned 166,507 shares of the company’s stock, valued at approximately $1,901,509.94. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Rush sold 23,594 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.43, for a total value of $269,679.42. Following the completion of the sale, the insider directly owned 98,207 shares of the company’s stock, valued at $1,122,506.01. The trade was a 19.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 129,389 shares of company stock worth $1,483,046. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Two Harbors Investments

Several large investors have recently modified their holdings of TWO. Amalgamated Bank increased its stake in Two Harbors Investments by 3.9% in the 3rd quarter. Amalgamated Bank now owns 30,604 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 1,158 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Two Harbors Investments by 1.4% in the third quarter. Intech Investment Management LLC now owns 85,985 shares of the real estate investment trust’s stock valued at $849,000 after acquiring an additional 1,202 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Two Harbors Investments by 11.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,391 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 1,261 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Two Harbors Investments by 11.1% during the second quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 1,309 shares during the period. Finally, Allworth Financial LP raised its holdings in Two Harbors Investments by 25.0% during the second quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 1,651 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investments Company Profile

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.