JMP Securities Reiterates “Market Perform” Rating for Two Harbors Investments (NYSE:TWO)

Two Harbors Investments (NYSE:TWO)‘s stock had its “market perform” rating reaffirmed by investment analysts at JMP Securities in a report issued on Thursday,Benzinga reports.

Several other research firms have also commented on TWO. Wall Street Zen lowered shares of Two Harbors Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of 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. UBS Group boosted their price objective on shares of Two Harbors Investments from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Royal Bank Of Canada reduced their price objective on shares of 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, Keefe, Bruyette & Woods boosted their price objective on shares of Two Harbors Investments from $12.95 to $13.25 and gave the stock a “market perform” rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.14.

Two Harbors Investments Price Performance

Shares of TWO opened at $10.58 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $1.10 billion, a PE ratio of -20.73 and a beta of 1.26. The company has a 50 day moving average price of $11.15 and a 200-day moving average price of $12.00. Two Harbors Investments has a fifty-two week low of $10.16 and a fifty-two week high of $14.28.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of ($20.33) million for the quarter, compared to the consensus estimate of ($28.53) million. Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. Equities analysts predict that Two Harbors Investments will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Two Harbors Investments by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock worth $135,928,000 after acquiring an additional 329,762 shares during the period. Balyasny Asset Management L.P. increased its stake in shares of Two Harbors Investments by 19.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust’s stock worth $27,373,000 after acquiring an additional 371,436 shares during the period. Invesco Ltd. increased its stake in shares of Two Harbors Investments by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust’s stock worth $25,491,000 after acquiring an additional 478,958 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Two Harbors Investments by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,458 shares of the real estate investment trust’s stock worth $18,247,000 after acquiring an additional 57,915 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Two Harbors Investments by 13.6% in the fourth quarter. Ameriprise Financial Inc. now owns 1,371,702 shares of the real estate investment trust’s stock worth $16,227,000 after acquiring an additional 164,452 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

About Two Harbors Investments

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.