JMP Securities Reiterates Market Outperform Rating for Two Harbors Investment (NYSE:TWO)

Two Harbors Investment (NYSE:TWO)‘s stock had its “market outperform” rating restated by equities researchers at JMP Securities in a research report issued on Thursday,Benzinga reports. They currently have a $14.00 price objective on the real estate investment trust’s stock. JMP Securities’ price target suggests a potential upside of 18.09% from the stock’s current price.

A number of other research firms have also issued reports on TWO. Royal Bank of Canada reduced their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Compass Point lowered their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. StockNews.com raised Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their target price on Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Two Harbors Investment has an average rating of “Hold” and a consensus price target of $13.54.

Two Harbors Investment Trading Up 0.0 %

Shares of Two Harbors Investment stock traded up $0.01 on Thursday, reaching $11.86. 110,259 shares of the company were exchanged, compared to its average volume of 1,247,842. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment has a fifty-two week low of $10.84 and a fifty-two week high of $14.27. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.46 and a beta of 1.83. The stock has a fifty day moving average price of $11.71 and a 200-day moving average price of $12.72.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The firm had revenue of $112.64 million for the quarter. During the same period in the previous year, the company earned ($0.01) earnings per share. On average, analysts expect that Two Harbors Investment will post 0.47 EPS for the current year.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 3,014 shares of Two Harbors Investment stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.24, for a total transaction of $33,877.36. Following the sale, the insider now owns 149,364 shares in the company, valued at $1,678,851.36. The trade was a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CIO Nicholas Letica sold 5,737 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total transaction of $64,713.36. Following the completion of the transaction, the executive now owns 168,935 shares of the company’s stock, valued at approximately $1,905,586.80. This represents a 3.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,754 shares of company stock valued at $333,307 in the last 90 days. 0.61% of the stock is currently owned by insiders.

Institutional Trading of Two Harbors Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWO. Northwestern Mutual Wealth Management Co. grew its stake in shares of Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,100 shares during the period. McIlrath & Eck LLC acquired a new stake in Two Harbors Investment in the 3rd quarter valued at $64,000. KBC Group NV raised its stake in 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 acquiring an additional 3,077 shares in the last quarter. Simplify Asset Management Inc. acquired a new position in Two Harbors Investment during the third quarter worth $134,000. Finally, AQR Capital Management LLC bought a new position in shares of Two Harbors Investment during the second quarter valued at $147,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investment 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.