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

Two Harbors Investment (NYSE:TWO) had its price objective lowered by analysts at JPMorgan Chase & Co. from $13.50 to $11.50 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock.

A number of other research firms also recently commented on TWO. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 price objective for the company. Compass Point started coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price target on the stock. JMP Securities lowered their price objective 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. Finally, StockNews.com cut Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.71.

Two Harbors Investment Trading Down 2.2 %

Shares of TWO opened at $11.50 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. Two Harbors Investment has a 12-month low of $10.34 and a 12-month high of $14.59. The firm has a market capitalization of $1.19 billion, a PE ratio of -2.39 and a beta of 1.85. The stock’s fifty day simple moving average is $13.39 and its 200-day simple moving average is $13.17.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. The firm had revenue of $112.64 million for the quarter. During the same period in the prior year, the company posted ($0.01) EPS. As a group, research analysts predict that Two Harbors Investment will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its stake in Two Harbors Investment by 5.6% in the first quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 944 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Two Harbors Investment by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock valued at $688,000 after buying an additional 1,000 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 1,230 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Two Harbors Investment by 12.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 1,798 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 2,100 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

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.