JPMorgan Chase & Co. Lowers Two Harbors Investment (NYSE:TWO) Price Target to $10.50

Two Harbors Investment (NYSE:TWO - Free Report) had its target price cut by JPMorgan Chase & Co. from $12.50 to $10.50 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Royal Bank of Canada raised their target price on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods cut 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 report on Tuesday, April 8th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $14.00 target price on shares of Two Harbors Investment in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.46.

Two Harbors Investment Stock Performance

Shares of NYSE:TWO traded down $0.25 during trading hours on Wednesday, hitting $10.72. The stock had a trading volume of 629,824 shares, compared to its average volume of 1,182,414. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The stock's fifty day simple moving average is $12.96 and its 200 day simple moving average is $12.36. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 5.08 and a beta of 1.36. Two Harbors Investment has a 1-year low of $10.16 and a 1-year high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. Sell-side analysts anticipate that Two Harbors Investment will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 16.79%. The ex-dividend date is Friday, April 4th. Two Harbors Investment's payout ratio is 85.31%.

Insider Transactions at Two Harbors Investment

In other Two Harbors Investment news, 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 value of $33,190.56. Following the completion of the sale, the insider now owns 146,803 shares in the company, valued at $1,902,566.88. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.

Institutional Trading of Two Harbors Investment

A number of institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its position in Two Harbors Investment by 1,052.4% during the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust's stock valued at $12,905,000 after acquiring an additional 996,188 shares in the last quarter. Invesco Ltd. increased its stake in shares of Two Harbors Investment by 28.6% during the 4th quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust's stock worth $25,491,000 after purchasing an additional 478,958 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Two Harbors Investment by 19.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust's stock valued at $27,373,000 after purchasing an additional 371,436 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Two Harbors Investment by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust's stock valued at $135,928,000 after purchasing an additional 329,762 shares during the last quarter. Finally, Norges Bank bought a new stake in Two Harbors Investment in the fourth quarter worth $3,898,000. Institutional investors and hedge funds 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.