Two Harbors Investment (NYSE:TWO) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

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

A number of other analysts have also issued reports on TWO. JMP Securities dropped their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada dropped their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. 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 research report on Monday, November 25th. Finally, StockNews.com raised Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Two Harbors Investment has a consensus rating of “Hold” and a consensus target price of $13.63.

Two Harbors Investment Stock Up 0.7 %

Shares of NYSE TWO opened at $12.03 on Tuesday. The stock has a fifty day moving average price of $11.69 and a 200 day moving average price of $12.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment has a 12-month low of $10.84 and a 12-month high of $14.27. The company has a market cap of $1.25 billion, a P/E ratio of -2.49 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The company had revenue of $112.64 million during 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 period in the prior year, the business posted ($0.01) EPS. Research analysts anticipate that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

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

Insider Activity at Two Harbors Investment

In other news, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the transaction, the executive now directly owns 174,672 shares of the company’s stock, valued at approximately $1,944,099.36. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Rebecca B. Sandberg sold 3,014 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total transaction of $33,877.36. Following the sale, the insider now owns 149,364 shares in the company, valued at approximately $1,678,851.36. This trade represents a 1.98 % 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. 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. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,100 shares during the last quarter. McIlrath & Eck LLC bought a new stake in Two Harbors Investment in the third quarter valued at $64,000. Simplify Asset Management Inc. bought a new stake in Two Harbors Investment in the third quarter valued at $134,000. AQR Capital Management LLC acquired a new position in shares of Two Harbors Investment during the second quarter valued at $147,000. Finally, QRG Capital Management Inc. grew its position in shares of Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 1,230 shares during the last quarter. 64.19% of the stock is owned by institutional investors.

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.