Compass Point Issues Pessimistic Forecast for Two Harbors Investment (NYSE:TWO) Stock Price

Two Harbors Investment (NYSE:TWO) had its price target cut by analysts at Compass Point from $15.75 to $14.75 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Compass Point’s price objective points to a potential upside of 26.50% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. JMP Securities cut their price target on shares of 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. JPMorgan Chase & Co. cut their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Royal Bank of Canada cut their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Two Harbors Investment presently has an average rating of “Hold” and a consensus price target of $14.18.

Two Harbors Investment Stock Down 1.3 %

Shares of NYSE:TWO opened at $11.66 on Monday. The company has a fifty day moving average of $12.56 and a 200-day moving average of $13.07. The company has a market capitalization of $1.21 billion, a PE ratio of -2.42 and a beta of 1.87. 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 52-week low of $11.28 and a 52-week high of $14.59.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company 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 business earned ($0.01) EPS. On average, equities analysts predict that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Two Harbors Investment

A number of institutional investors and hedge funds have recently made changes to their positions in TWO. State Board of Administration of Florida Retirement System boosted its position in shares of Two Harbors Investment by 39.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 38,733 shares of the real estate investment trust’s stock worth $570,000 after purchasing an additional 10,960 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Two Harbors Investment by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock worth $154,997,000 after purchasing an additional 1,135,012 shares in the last quarter. American International Group Inc. boosted its position in shares of Two Harbors Investment by 5.9% during the 1st quarter. American International Group Inc. now owns 55,991 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 3,105 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Two Harbors Investment by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock worth $1,188,000 after acquiring an additional 5,284 shares during the last quarter. Finally, LifePro Asset Management acquired a new stake in shares of Two Harbors Investment in the 2nd quarter worth about $2,036,000. 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.