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

Two Harbors Investment (NYSE:TWO) had its target price cut by equities researchers at Compass Point from $15.75 to $14.75 in a 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 would indicate a potential upside of 26.50% from the company’s previous close.

A number of other brokerages have also recently issued reports on TWO. JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. StockNews.com cut Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Royal Bank of Canada reduced their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JMP Securities reduced 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. Finally, Janney Montgomery Scott started coverage on Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Two Harbors Investment has a consensus rating of “Hold” and a consensus price target of $14.18.

Two Harbors Investment Trading Down 1.3 %

Two Harbors Investment stock opened at $11.66 on Monday. Two Harbors Investment has a 52 week low of $11.28 and a 52 week high of $14.59. 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 stock has a market capitalization of $1.21 billion, a P/E ratio of -2.42 and a beta of 1.87. The stock has a 50-day simple moving average of $12.56 and a 200 day simple moving average of $13.07.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results 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 positive return on equity of 4.45% and a negative net margin of 87.84%. The business had revenue of $112.64 million for the quarter. During the same period in the prior year, the firm earned ($0.01) EPS. Analysts expect that Two Harbors Investment will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TWO. State Board of Administration of Florida Retirement System raised its position in Two Harbors Investment by 39.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 38,733 shares of the real estate investment trust’s stock valued at $570,000 after purchasing an additional 10,960 shares in the last quarter. Vanguard Group Inc. raised its position in Two Harbors Investment by 10.7% during the first quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after purchasing an additional 1,135,012 shares in the last quarter. American International Group Inc. raised its position in Two Harbors Investment by 5.9% during the first quarter. American International Group Inc. now owns 55,991 shares of the real estate investment trust’s stock valued at $741,000 after purchasing an additional 3,105 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Two Harbors Investment by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock valued at $1,188,000 after purchasing an additional 5,284 shares in the last quarter. Finally, LifePro Asset Management acquired a new position in Two Harbors Investment during the second quarter valued at approximately $2,036,000. 64.19% of the stock is currently 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.