JPMorgan Chase & Co. Trims Two Harbors Investment (NYSE:TWO) Target Price to $12.50

Two Harbors Investment (NYSE:TWO - Free Report) had its price objective reduced by JPMorgan Chase & Co. from $13.50 to $12.50 in a research note released on Wednesday, Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

Several other research analysts have also weighed in on the company. StockNews.com lowered Two Harbors Investment from a hold rating to a sell rating in a research report on Wednesday, January 31st. JMP Securities lifted their target price on shares of Two Harbors Investment from $12.50 to $15.00 and gave the company a market outperform rating in a research note on Friday, December 15th. TheStreet downgraded shares of Two Harbors Investment from a c- rating to a d rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Two Harbors Investment from $14.00 to $17.00 and gave the company a market perform rating in a research note on Wednesday, December 13th. Finally, Jonestrading started coverage on shares of Two Harbors Investment in a research report on Friday, March 22nd. They set a hold rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $14.50.

Two Harbors Investment Stock Down 6.0 %

Shares of NYSE TWO traded down $0.76 during mid-day trading on Wednesday, reaching $11.94. The company had a trading volume of 2,328,929 shares, compared to its average volume of 1,256,174. The stock has a fifty day moving average of $12.73 and a two-hundred day moving average of $12.98. Two Harbors Investment has a 12-month low of $9.83 and a 12-month high of $14.59. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -5.97 and a beta of 1.87. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.48 and a current ratio of 1.48.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 15.08%. The ex-dividend date is Wednesday, April 3rd. Two Harbors Investment's dividend payout ratio (DPR) is presently -90.00%.

Insiders Place Their Bets

In other news, CEO William Ross Greenberg sold 9,663 shares of the company's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $13.28, for a total transaction of $128,324.64. Following the completion of the transaction, the chief executive officer now owns 271,249 shares of the company's stock, valued at $3,602,186.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO William Ross Greenberg sold 9,663 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $13.28, for a total transaction of $128,324.64. Following the sale, the chief executive officer now owns 271,249 shares of the company's stock, valued at approximately $3,602,186.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mary Kathryn Riskey sold 2,868 shares of the business's stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $13.28, for a total value of $38,087.04. Following the sale, the chief financial officer now owns 85,755 shares in the company, valued at $1,138,826.40. The disclosure for this sale can be found here. Insiders have sold 38,282 shares of company stock worth $494,908 in the last ninety days. Insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On Two Harbors Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in Two Harbors Investment in the 4th quarter valued at $40,000. Cape Investment Advisory Inc. bought a new position in shares of Two Harbors Investment during the fourth quarter valued at $58,000. Montag A & Associates Inc. boosted its stake in shares of Two Harbors Investment by 238.4% in the 4th quarter. Montag A & Associates Inc. now owns 5,239 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 3,691 shares in the last quarter. FMR LLC grew its holdings in shares of Two Harbors Investment by 22.1% in the 3rd quarter. FMR LLC now owns 5,324 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 964 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Two Harbors Investment by 38.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust's stock worth $79,000 after purchasing an additional 1,652 shares in the last quarter. 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.