Two Harbors Investments (NYSE:TWO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. raised its price target for Two Harbors Investments from $9.50 to $10.00, reflecting a potential upside of 3.04% based on the company's previous close.
• Currently, the stock has an average rating of "Hold" from analysts, with three ratings as "Buy," five as "Hold," and one as "Sell," alongside a consensus target price of $12.36.
• Two Harbors Investments experienced a trading increase of 0.9%, reaching $9.71 with a market cap of $1.01 billion and a P/E ratio of -2.73.

Two Harbors Investments (NYSE:TWO - Get Free Report) had its price objective lifted by JPMorgan Chase & Co. from $9.50 to $10.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target points to a potential upside of 3.04% from the company's previous close.

TWO has been the subject of several other reports. UBS Group dropped their target price on Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, September 3rd. Maxim Group lowered their price objective on Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, July 29th. Weiss Ratings reissued a "sell (d)" rating on shares of Two Harbors Investments in a research report on Wednesday, October 8th. Citizens Jmp reissued a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Finally, JMP Securities reissued a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Two Harbors Investments currently has an average rating of "Hold" and a consensus target price of $12.36.

Two Harbors Investments Trading Up 0.9%

TWO traded up $0.09 on Monday, hitting $9.71. The company had a trading volume of 1,013,834 shares, compared to its average volume of 1,722,115. The firm has a market cap of $1.01 billion, a P/E ratio of -2.73 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. The company's fifty day moving average price is $9.93 and its 200 day moving average price is $10.54. Two Harbors Investments has a 1 year low of $9.49 and a 1 year high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last released its earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share for the quarter. The company had revenue of ($18.67) million during the quarter. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. As a group, equities analysts expect that Two Harbors Investments will post 0.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, CIO Nicholas Letica sold 8,654 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $10.02, for a total transaction of $86,713.08. Following the completion of the sale, the executive owned 160,281 shares in the company, valued at $1,606,015.62. The trade was a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Two Harbors Investments

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in Two Harbors Investments by 68.4% during the first quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 890 shares during the last quarter. AlphaQuest LLC lifted its stake in Two Harbors Investments by 240.4% in the second quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 2,380 shares during the last quarter. Montag A & Associates Inc. lifted its stake in Two Harbors Investments by 29.2% in the first quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock valued at $71,000 after buying an additional 1,193 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Two Harbors Investments by 233.0% in the first quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust's stock valued at $86,000 after buying an additional 4,552 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Two Harbors Investments by 25.0% in the second quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust's stock valued at $89,000 after buying an additional 1,651 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company's stock.

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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