Two Harbors Investment (NYSE:TWO - Get Free Report) had its target price decreased by JMP Securities from $14.00 to $13.50 in a research report issued on Thursday,Benzinga reports. The firm currently has a "market outperform" rating on the real estate investment trust's stock. JMP Securities' target price would indicate a potential upside of 23.12% from the stock's previous close.
Several other equities analysts have also recently commented on TWO. Royal Bank of Canada boosted their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods dropped 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 report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday. Finally, StockNews.com upgraded Two Harbors Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $13.46.
Get Our Latest Stock Analysis on TWO
Two Harbors Investment Trading Up 1.4 %
Shares of TWO stock traded up $0.16 on Thursday, hitting $10.97. The company had a trading volume of 1,042,624 shares, compared to its average volume of 1,184,502. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment has a twelve month low of $10.16 and a twelve month high of $14.28. The stock's 50-day moving average is $12.96 and its two-hundred day moving average is $12.36. The firm has a market cap of $1.14 billion, a P/E ratio of 5.20 and a beta of 1.36.
Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its quarterly 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 return on equity of 6.52% and a net margin of 66.24%. On average, equities research analysts anticipate that Two Harbors Investment will post 0.81 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Rebecca B. Sandberg sold 2,561 shares of Two Harbors Investment stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $12.96, for a total value of $33,190.56. Following the completion of the transaction, the insider now owns 146,803 shares in the company, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in TWO. Sterling Capital Management LLC lifted its stake in 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 valued at $39,000 after buying an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Two Harbors Investment during the 4th quarter worth $40,000. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment during the 3rd quarter valued at approximately $64,000. KBC Group NV raised its holdings 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 purchasing an additional 3,077 shares during the last quarter. Finally, Wolverine Trading LLC boosted its position in shares of Two Harbors Investment by 866.3% in the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock worth $122,000 after buying an additional 9,443 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.
Two Harbors Investment Company Profile
(
Get Free Report)
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.
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