Two Harbors Investments (NYSE:TWO) Price Target Lowered to $12.00 at Maxim Group

Key Points

• Maxim Group has lowered the price target for Two Harbors Investments from $15.00 to $12.00, while maintaining a "buy" rating.
• Other analysts have a mixed outlook, with JPMorgan reducing its target to $10.50 and Wall Street Zen downgrading the stock to a "sell" rating.
• As of the latest reports, Two Harbors Investments shares traded down 1.8% to $10.15, reflecting ongoing market volatility.

Two Harbors Investments (NYSE:TWO - Get Free Report) had its target price reduced by equities researchers at Maxim Group from $15.00 to $12.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. Maxim Group's price objective points to a potential upside of 18.28% from the company's current price.

A number of other equities analysts have also recently commented on TWO. JPMorgan Chase & Co. dropped their target price on Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Citizens Jmp restated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. JMP Securities restated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Keefe, Bruyette & Woods boosted their price objective on Two Harbors Investments from $12.95 to $13.25 and gave the company a "market perform" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen cut Two Harbors Investments from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $12.88.

Two Harbors Investments Trading Down 1.8%

Shares of Two Harbors Investments stock traded down $0.19 on Tuesday, reaching $10.15. The company had a trading volume of 1,778,163 shares, compared to its average volume of 1,645,250. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -19.89 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.05 and a quick ratio of 1.05. The firm's 50-day moving average price is $10.61 and its two-hundred day moving average price is $11.85. Two Harbors Investments has a 1 year low of $9.76 and a 1 year high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. The firm had revenue of ($18.12) million during the quarter, compared to analysts' expectations of ($23.29) million. Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. As a group, research analysts predict that Two Harbors Investments will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Two Harbors Investments

Several hedge funds have recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock worth $29,000 after buying an additional 890 shares during the period. Montag A & Associates Inc. lifted its holdings in shares of Two Harbors Investments by 29.2% in the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock worth $71,000 after buying an additional 1,193 shares during the period. Motiv8 Investments LLC lifted its holdings in shares of Two Harbors Investments by 10.9% in the 1st quarter. Motiv8 Investments LLC now owns 12,142 shares of the real estate investment trust's stock worth $162,000 after buying an additional 1,194 shares during the period. Triumph Capital Management lifted its holdings in shares of Two Harbors Investments by 6.0% in the 2nd quarter. Triumph Capital Management now owns 26,725 shares of the real estate investment trust's stock worth $288,000 after buying an additional 1,512 shares during the period. Finally, Golden State Equity Partners lifted its holdings in shares of Two Harbors Investments by 2.0% in the 2nd quarter. Golden State Equity Partners now owns 84,941 shares of the real estate investment trust's stock worth $915,000 after buying an additional 1,665 shares during the period. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

About Two Harbors Investments

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.

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