Two Harbors Investment (NYSE:TWO) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Two Harbors Investment (NYSE:TWO) had its price objective upped by analysts at Royal Bank of Canada from $12.00 to $13.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target points to a potential downside of 3.88% from the company’s current price.

Several other research analysts also recently commented on TWO. JPMorgan Chase & Co. boosted their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. JMP Securities restated a “market outperform” rating and set a $14.00 price objective on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Compass Point lowered 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 research report on Monday, November 25th. Finally, StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Two Harbors Investment currently has a consensus rating of “Moderate Buy” and an average price target of $13.96.

Two Harbors Investment Price Performance

NYSE:TWO opened at $13.53 on Thursday. Two Harbors Investment has a 52 week low of $10.84 and a 52 week high of $14.27. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The firm’s 50-day simple moving average is $12.00 and its 200 day simple moving average is $12.62. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 6.41 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, sell-side analysts predict that Two Harbors Investment will post 0.81 earnings per share for the current year.

Insider Buying and Selling

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction of $33,190.56. Following the sale, the insider now owns 146,803 shares of the company’s stock, valued at approximately $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CIO Nicholas Letica sold 3,956 shares of the company’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 in the company, valued at $2,025,781.52. This trade represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,136 shares of company stock valued at $377,154 over the last 90 days. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Two Harbors Investment

Several institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC raised its holdings in shares of Two Harbors Investment by 818.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment in the 4th quarter worth about $40,000. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment in the 3rd quarter worth about $64,000. KBC Group NV raised its holdings in shares of Two Harbors Investment by 86.5% in the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 3,077 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in shares of Two Harbors Investment in the 4th quarter worth about $130,000. 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.