JPMorgan Chase & Co. Has Lowered Expectations for Two Harbors Investment (NYSE:TWO) Stock Price

Two Harbors Investment (NYSE:TWO) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $11.50 to $11.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 7.99% from the company’s previous close.

Several other research firms have also weighed in on TWO. Compass Point decreased their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. JMP Securities decreased their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reduced their target price on 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.63.

Two Harbors Investment Stock Up 1.1 %

NYSE TWO opened at $11.96 on Tuesday. 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 company has a market capitalization of $1.24 billion, a P/E ratio of -2.48 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. The stock has a 50 day moving average price of $11.69 and a 200-day moving average price of $12.73.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 previous year, the firm earned ($0.01) EPS. As a group, equities analysts predict that Two Harbors Investment will post 0.47 EPS for the current fiscal year.

Insider Activity

In other news, CIO Nicholas Letica sold 3,956 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $44,346.76. Following the transaction, the executive now owns 180,712 shares in the company, valued at approximately $2,025,781.52. This trade represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Rebecca B. Sandberg sold 5,025 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total value of $56,330.25. Following the sale, the insider now directly owns 156,163 shares in the company, valued at approximately $1,750,587.23. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,754 shares of company stock worth $333,307. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Two Harbors Investment

A number of institutional investors have recently added to or reduced their stakes in TWO. Mercer Global Advisors Inc. ADV bought a new stake in Two Harbors Investment during the second quarter valued at about $192,000. Intech Investment Management LLC acquired a new stake in Two Harbors Investment in the second quarter worth about $180,000. Sei Investments Co. boosted its holdings in Two Harbors Investment by 21.0% in the second quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust’s stock worth $1,552,000 after acquiring an additional 20,403 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Two Harbors Investment by 7.6% in 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 acquiring an additional 16,169 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Two Harbors Investment in the second quarter worth about $147,000. Institutional investors 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.