JPMorgan Chase & Co. Has Lowered Expectations for Two Harbors Investment (NYSE:TWO) Stock Price

Two Harbors Investment (NYSE:TWO) had its target price dropped by JPMorgan Chase & Co. from $12.50 to $10.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 4.24% from the stock’s previous close.

A number of other research analysts also recently weighed in on TWO. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. JMP Securities reiterated a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a report on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their price target on shares of Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada raised their price objective on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Two Harbors Investment presently has a consensus rating of “Moderate Buy” and an average target price of $13.46.

Two Harbors Investment Stock Up 1.4 %

Shares of TWO opened at $10.97 on Wednesday. The stock’s 50-day moving average price is $13.00 and its two-hundred day moving average price is $12.39. Two Harbors Investment has a 12 month low of $10.16 and a 12 month high of $14.28. The company has a market capitalization of $1.14 billion, a PE ratio of 5.20 and a beta of 1.36. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO) last released its earnings results 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 net margin of 66.24% and a return on equity of 6.52%. On average, analysts anticipate 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 firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Two Harbors Investment

Institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC increased its stake in shares of 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 worth $39,000 after buying an additional 2,963 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in shares of Two Harbors Investment in the fourth quarter valued at about $40,000. McIlrath & Eck LLC bought a new position in shares of Two Harbors Investment during the third quarter valued at about $64,000. KBC Group NV boosted its holdings 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 during the period. Finally, Wolverine Trading LLC grew its stake in shares of 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 worth $122,000 after purchasing an additional 9,443 shares during 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.