JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Two Harbors Investment (NYSE:TWO) Stock

Two Harbors Investment (NYSE:TWO) had its target price raised by research analysts at JPMorgan Chase & Co. from $11.00 to $12.50 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 1.91% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research report on Tuesday, January 28th. Compass Point reduced their target price on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. JMP Securities reissued a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reduced their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.79.

Two Harbors Investment Stock Performance

TWO opened at $12.74 on Friday. The business has a 50 day moving average price of $11.78 and a two-hundred day moving average price of $12.66. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 6.04 and a beta of 1.83. Two Harbors Investment has a 1-year low of $10.84 and a 1-year high of $14.27.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share 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 6.44%. Research analysts predict that Two Harbors Investment will post 0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $64,713.36. Following the completion of the sale, the executive now 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 filing with the SEC, which can be accessed through this link. Also, insider Rebecca B. Sandberg sold 3,014 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $11.24, for a total transaction of $33,877.36. Following the completion of the sale, the insider now owns 149,364 shares of the company’s stock, valued at $1,678,851.36. This trade represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,754 shares of company stock worth $333,307 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TWO. Allspring Global Investments Holdings LLC increased its stake in shares of Two Harbors Investment by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock worth $64,158,000 after purchasing an additional 69,725 shares during the period. State Street Corp boosted its position in shares of Two Harbors Investment by 2.7% in the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock valued at $53,814,000 after acquiring an additional 102,294 shares during the period. Geode Capital Management LLC grew its stake in shares of 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 worth $33,885,000 after acquiring an additional 48,264 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Two Harbors Investment by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock worth $20,605,000 after acquiring an additional 33,852 shares during the period. Finally, Van ECK Associates Corp raised its stake in Two Harbors Investment by 20.2% during the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock valued at $10,564,000 after purchasing an additional 149,870 shares during the last quarter. Institutional investors and hedge funds 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.