Two Harbors Investment (NYSE:TWO) Given New $13.50 Price Target at JMP Securities

Two Harbors Investment (NYSE:TWO - Get Free Report) had its target price lowered by equities researchers at JMP Securities from $14.00 to $13.50 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "market outperform" rating on the real estate investment trust's stock. JMP Securities' price target would suggest a potential upside of 19.50% from the stock's current price.

TWO has been the subject of a number of other research reports. Royal Bank of Canada increased their target price on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods lowered their price objective on shares of Two Harbors Investment from $13.50 to $12.95 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.46.

Two Harbors Investment Price Performance

TWO stock traded up $0.46 during trading hours on Thursday, hitting $11.30. 1,721,176 shares of the stock traded hands, compared to its average volume of 1,188,288. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The stock has a 50-day simple moving average of $12.91 and a 200 day simple moving average of $12.35. Two Harbors Investment has a one year low of $10.16 and a one year high of $14.28. The company has a market cap of $1.18 billion, a P/E ratio of 5.35 and a beta of 1.36.

Two Harbors Investment (NYSE:TWO - Get Free Report) 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%. Equities analysts forecast that Two Harbors Investment will post 0.81 earnings per share for the current year.

Insiders Place Their Bets

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the completion of the transaction, the insider now owns 146,803 shares of the company's stock, valued at $1,902,566.88. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On Two Harbors Investment

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Two Harbors Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust's stock worth $33,885,000 after purchasing an additional 48,264 shares in the last quarter. Barclays PLC boosted its stake in Two Harbors Investment by 346.0% in the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock valued at $2,395,000 after buying an additional 133,869 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Two Harbors Investment by 20.2% in the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust's stock valued at $10,564,000 after purchasing an additional 149,870 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Two Harbors Investment by 97.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust's stock worth $687,000 after purchasing an additional 28,607 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Two Harbors Investment by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust's stock valued at $3,583,000 after purchasing an additional 3,391 shares during the last quarter. Institutional investors and hedge funds 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.