Royal Bank of Canada Increases Two Harbors Investment (NYSE:TWO) Price Target to $13.00

Two Harbors Investment (NYSE:TWO) had its price target hoisted by investment analysts at Royal Bank of Canada from $12.00 to $13.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target would suggest a potential downside of 2.29% from the company’s previous close.

TWO has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. JMP Securities reiterated a “market outperform” rating and set a $14.00 price objective on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Finally, Compass Point reduced their target price 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Two Harbors Investment currently has a consensus rating of “Moderate Buy” and an average price target of $13.96.

Two Harbors Investment Price Performance

TWO stock traded up $0.19 during midday trading on Thursday, hitting $13.31. The company’s stock had a trading volume of 287,712 shares, compared to its average volume of 1,305,692. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 6.32 and a beta of 1.84. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. Two Harbors Investment has a 12 month low of $10.84 and a 12 month high of $14.27. The company has a 50 day moving average of $11.96 and a two-hundred day moving average of $12.61.

Two Harbors Investment (NYSE:TWO) last issued its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. On average, analysts expect that Two Harbors Investment will post 0.81 EPS for the current year.

Insider Activity at Two Harbors Investment

In other Two Harbors Investment news, CIO Nicholas Letica sold 6,040 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.13, for a total transaction of $67,225.20. Following the transaction, the executive now owns 174,672 shares of the company’s stock, valued at approximately $1,944,099.36. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction of $33,190.56. Following the transaction, the insider now owns 146,803 shares in the company, valued at approximately $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,136 shares of company stock worth $377,154 in the last 90 days. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Two Harbors Investment by 3.0% during 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 purchasing an additional 329,762 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Two Harbors Investment by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock worth $64,158,000 after purchasing an additional 69,725 shares during the last quarter. State Street Corp increased its stake in Two Harbors Investment by 2.7% during the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock valued at $53,814,000 after purchasing an additional 102,294 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Two Harbors Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after buying an additional 48,264 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Two Harbors Investment by 28.6% during the fourth quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust’s stock worth $25,491,000 after buying an additional 478,958 shares during the period. 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.