JPMorgan Chase & Co. Lowers Two Harbors Investment (NYSE:TWO) Price Target to $11.00

Two Harbors Investment (NYSE:TWO) had its price objective lowered by JPMorgan Chase & Co. from $11.50 to $11.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on TWO. Compass Point decreased their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. Royal Bank of Canada lowered their price target 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. Finally, JMP Securities cut their price objective on 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.63.

Two Harbors Investment Stock Up 0.7 %

Shares of Two Harbors Investment stock opened at $12.03 on Tuesday. Two Harbors Investment has a 1-year low of $10.84 and a 1-year high of $14.27. The company has a market capitalization of $1.25 billion, a P/E ratio of -2.49 and a beta of 1.83. The business’s fifty day moving average price is $11.69 and its two-hundred day moving average price is $12.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07.

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 for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The company had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter in the prior year, the company posted ($0.01) EPS. As a group, research analysts forecast that Two Harbors Investment will post 0.47 EPS for the current year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.97%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is presently -37.34%.

Insider Activity

In other Two Harbors Investment news, CIO Nicholas Letica sold 3,956 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $44,346.76. Following the sale, the executive now directly owns 180,712 shares of the company’s stock, valued at $2,025,781.52. The trade was a 2.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rebecca B. Sandberg sold 5,025 shares of the stock in a transaction on Wednesday, January 8th. The shares were 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 owns 156,163 shares of the company’s stock, valued at $1,750,587.23. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,754 shares of company stock valued at $333,307 over the last three months. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Phocas Financial Corp. purchased a new position in Two Harbors Investment during the 3rd quarter valued at about $3,505,000. Geode Capital Management LLC grew its position in Two Harbors Investment by 2.0% during 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 grew its position in Two Harbors Investment by 346.0% during the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after purchasing an additional 133,869 shares in the last quarter. International Assets Investment Management LLC increased its stake in Two Harbors Investment by 1,392.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock valued at $2,685,000 after buying an additional 180,516 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Two Harbors Investment in the 3rd quarter worth approximately $217,000. 64.19% of the stock is owned by institutional investors and hedge funds.

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.