Two Harbors Investment (NYSE:TWO) Price Target Lowered to $12.95 at Keefe, Bruyette & Woods

Two Harbors Investment (NYSE:TWO) had its target price cut by investment analysts at Keefe, Bruyette & Woods from $13.50 to $12.95 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 13.30% from the stock’s previous close.

A number of other equities analysts also recently weighed in on TWO. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Royal Bank of Canada raised their price target on Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. JMP Securities reiterated a “market outperform” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.81.

Two Harbors Investment Stock Performance

Shares of TWO opened at $11.43 on Tuesday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 5.42 and a beta of 1.36. Two Harbors Investment has a 12 month low of $10.16 and a 12 month high of $14.28. The firm has a fifty day simple moving average of $13.24 and a 200 day simple moving average of $12.50. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS 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%. Research analysts forecast that Two Harbors Investment will post 0.81 EPS for the current fiscal year.

Insider Activity

In related news, CIO Nicholas Letica sold 6,040 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the transaction, the executive now owns 174,672 shares in the company, valued at $1,944,099.36. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rebecca B. Sandberg sold 3,785 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.14, for a total transaction of $42,164.90. Following the completion of the sale, the insider now directly owns 152,378 shares in the company, valued at approximately $1,697,490.92. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,674 shares of company stock worth $271,037. 0.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TWO. Geode Capital Management LLC increased its stake in Two Harbors Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after purchasing an additional 48,264 shares in the last quarter. Barclays PLC boosted its holdings in Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after acquiring an additional 133,869 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Two Harbors Investment during the third quarter valued at approximately $217,000. Van ECK Associates Corp raised its position in shares of Two Harbors Investment by 20.2% during the fourth quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock worth $10,564,000 after purchasing an additional 149,870 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Two Harbors Investment by 97.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust’s stock worth $687,000 after purchasing an additional 28,607 shares in the last quarter. 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.