JPMorgan Chase & Co. Lowers Two Harbors Investment (NYSE:TWO) Price Target to $11.50

Two Harbors Investment (NYSE:TWO) had its target price dropped by analysts at JPMorgan Chase & Co. from $13.50 to $11.50 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 3.28% from the company’s previous close.

TWO has been the subject of a number of other reports. JMP Securities lowered their price target on shares of 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. StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Tuesday. Compass Point initiated coverage on Two Harbors Investment in a report on Thursday, October 3rd. They set a “buy” rating and a $15.75 target price on the stock. Finally, Janney Montgomery Scott initiated coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 price objective on the stock. One equities research 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.71.

Two Harbors Investment Stock Performance

Two Harbors Investment stock traded down $0.08 during midday trading on Wednesday, hitting $11.89. 1,131,033 shares of the company’s stock were exchanged, compared to its average volume of 1,099,490. The firm’s 50 day simple moving average is $13.47 and its 200 day simple moving average is $13.19. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 29.02 and a beta of 1.85. Two Harbors Investment has a 12-month low of $10.34 and a 12-month high of $14.59.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The business had revenue of $112.64 million during the quarter. During the same period last year, the firm earned ($0.01) EPS. Equities research analysts predict that Two Harbors Investment will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $29,000 after buying an additional 2,100 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Two Harbors Investment by 38.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 2,306 shares in the last quarter. QRG Capital Management Inc. bought a new position in Two Harbors Investment in the second quarter valued at about $144,000. AQR Capital Management LLC acquired a new stake in shares of Two Harbors Investment during the 2nd quarter worth approximately $147,000. Finally, Teamwork Financial Advisors LLC acquired a new stake in Two Harbors Investment during the 3rd quarter worth $173,000. 64.19% of the stock is owned by institutional investors.

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.