JMP Securities Reiterates Market Outperform Rating for Two Harbors Investment (NYSE:TWO)

Two Harbors Investment (NYSE:TWO)‘s stock had its “market outperform” rating restated by equities research analysts at JMP Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $14.00 price target on the real estate investment trust’s stock. JMP Securities’ price objective would suggest a potential upside of 18.49% from the company’s previous close.

TWO has been the subject of a number of other research reports. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. Compass Point cut their price target 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. Royal Bank of Canada decreased their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. dropped their target price on Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.54.

Two Harbors Investment Price Performance

Shares of NYSE:TWO opened at $11.82 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average price is $11.71 and its two-hundred day moving average price is $12.71. The stock has a market cap of $1.22 billion, a PE ratio of -2.45 and a beta of 1.83. Two Harbors Investment has a one year low of $10.84 and a one year high of $14.27.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The company had revenue of $112.64 million for the quarter. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. On average, analysts forecast that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Rebecca B. Sandberg sold 3,785 shares of Two Harbors Investment stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.14, for a total transaction of $42,164.90. Following the transaction, the insider now owns 152,378 shares in the company, valued at approximately $1,697,490.92. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CIO Nicholas Letica sold 3,956 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 $44,346.76. Following the completion of the sale, the executive now owns 180,712 shares of the company’s stock, valued at approximately $2,025,781.52. This represents a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,754 shares of company stock worth $333,307 over the last three months. 0.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Two Harbors Investment in the second quarter valued at about $192,000. Intech Investment Management LLC acquired a new stake in Two Harbors Investment in the second quarter valued at approximately $180,000. Sei Investments Co. raised its stake in shares of Two Harbors Investment by 21.0% during the second quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 20,403 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Two Harbors Investment by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 227,705 shares of the real estate investment trust’s stock worth $3,008,000 after purchasing an additional 16,169 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Two Harbors Investment in the second quarter valued at $147,000. Institutional investors and hedge funds 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.