JPMorgan Chase & Co. Has Lowered Expectations for Two Harbors Investment (NYSE:TWO) Stock Price

Two Harbors Investment (NYSE:TWO) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $11.50 to $11.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 7.13% from the company’s current price.

Several other equities research analysts have also commented on the company. Royal Bank of Canada cut their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. Compass Point dropped 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 research report on Monday, November 25th. Finally, JMP Securities reduced their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Two Harbors Investment presently has a consensus rating of “Hold” and a consensus target price of $13.63.

Two Harbors Investment Stock Performance

NYSE:TWO opened at $11.85 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investment has a fifty-two week low of $10.84 and a fifty-two week high of $14.27. The company has a 50 day simple moving average of $11.70 and a two-hundred day simple moving average of $12.73. The company has a market capitalization of $1.23 billion, a PE ratio of -2.46 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) 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). The firm had revenue of $112.64 million for the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same period in the previous year, the company earned ($0.01) earnings per share. Research analysts anticipate that Two Harbors Investment will post 0.47 earnings per share for the current year.

Insider Buying and Selling

In other Two Harbors Investment news, CIO Nicholas Letica sold 5,737 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total transaction of $64,713.36. Following the completion of the sale, the executive now directly owns 168,935 shares of the company’s stock, valued at approximately $1,905,586.80. The trade was a 3.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rebecca B. Sandberg sold 5,025 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $56,330.25. Following the completion of the sale, the insider now directly owns 156,163 shares of the company’s stock, valued at approximately $1,750,587.23. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,754 shares of company stock worth $333,307 in the last quarter. Insiders own 0.61% of the company’s stock.

Institutional Trading of Two Harbors Investment

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,100 shares during the last quarter. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment in the 3rd quarter worth approximately $64,000. KBC Group NV increased 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 acquiring an additional 3,077 shares during 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 bought a new stake in Two Harbors Investment during the second quarter worth $147,000. Institutional investors 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.