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

Two Harbors Investment (NYSE:TWO) had its price target upped by JPMorgan Chase & Co. from $11.00 to $12.50 in a research note released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the company. StockNews.com raised Two Harbors Investment to a “sell” rating in a research note on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. Royal Bank of Canada dropped their price objective 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. Finally, Compass Point cut their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Two Harbors Investment currently has a consensus rating of “Hold” and a consensus price target of $13.79.

Two Harbors Investment Stock Performance

TWO opened at $12.74 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $1.32 billion, a PE ratio of 6.04 and a beta of 1.83. The stock has a 50-day moving average of $11.76 and a 200-day moving average of $12.67. Two Harbors Investment has a 52-week low of $10.84 and a 52-week high of $14.27.

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 analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.44%. As a group, equities research analysts forecast that Two Harbors Investment will post 0.82 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.13%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio is presently 85.31%.

Insiders Place Their Bets

In other Two Harbors Investment news, CIO Nicholas Letica sold 3,956 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the transaction, the executive now owns 180,712 shares of the company’s stock, valued at approximately $2,025,781.52. The trade was a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rebecca B. Sandberg sold 3,014 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total transaction of $33,877.36. Following the transaction, the insider now owns 149,364 shares of the company’s stock, valued at $1,678,851.36. This trade represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,754 shares of company stock worth $333,307 over the last three months. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TWO. Northwestern Mutual Wealth Management Co. grew its position in shares of Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 2,100 shares during the period. McIlrath & Eck LLC bought a new position in Two Harbors Investment during the 3rd quarter valued at $64,000. KBC Group NV lifted its position 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 valued at $78,000 after purchasing an additional 3,077 shares in the last quarter. Simplify Asset Management Inc. purchased a new stake in shares of Two Harbors Investment during the third quarter valued at approximately $134,000. Finally, AQR Capital Management LLC purchased a new position in shares of Two Harbors Investment in the 2nd quarter worth about $147,000. 64.19% of the stock is owned by institutional investors and hedge funds.

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.