JPMorgan Chase & Co. Lowers Two Harbors Investment (NYSE:TWO) Price Target to $11.50

Two Harbors Investment (NYSE:TWO - Get Free Report) had its price objective reduced by JPMorgan Chase & Co. from $13.50 to $11.50 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 2.34% from the stock's previous close.

A number of other brokerages have also issued reports on TWO. JMP Securities dropped their target price on Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating on the stock in a research report on Thursday, October 17th. Compass Point began coverage on shares of Two Harbors Investment in a report on Thursday, October 3rd. They issued a "buy" rating and a $15.75 price objective on the stock. StockNews.com cut shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, Janney Montgomery Scott assumed coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They issued a "buy" rating and a $15.00 price target on the stock. One 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's stock. According to data from MarketBeat.com, Two Harbors Investment has a consensus rating of "Hold" and a consensus price target of $14.71.

Two Harbors Investment Stock Down 1.6 %

Shares of Two Harbors Investment stock traded down $0.20 on Wednesday, hitting $11.78. The company had a trading volume of 2,418,276 shares, compared to its average volume of 1,105,617. Two Harbors Investment has a twelve month low of $10.34 and a twelve month high of $14.59. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50-day moving average of $13.43 and a 200-day moving average of $13.18. The firm has a market capitalization of $1.22 billion, a P/E ratio of 28.72 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The company had revenue of $112.64 million during the quarter. During the same period in the previous year, the firm posted ($0.01) earnings per share. Research analysts predict that Two Harbors Investment will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in Two Harbors Investment by 38.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 2,306 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Two Harbors Investment by 1.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,250,149 shares of the real estate investment trust's stock worth $69,512,000 after purchasing an additional 99,577 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Two Harbors Investment by 6.2% in the first quarter. State of Alaska Department of Revenue now owns 62,871 shares of the real estate investment trust's stock valued at $832,000 after purchasing an additional 3,696 shares during the last quarter. Maryland State Retirement & Pension System raised its position in shares of Two Harbors Investment by 6.4% in the first quarter. Maryland State Retirement & Pension System now owns 37,189 shares of the real estate investment trust's stock valued at $492,000 after purchasing an additional 2,230 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Two Harbors Investment by 9.9% during the 1st quarter. Van ECK Associates Corp now owns 578,580 shares of the real estate investment trust's stock worth $7,660,000 after buying an additional 52,044 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

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.