UBS Group Has Lowered Expectations for Two Harbors Investments (NYSE:TWO) Stock Price

Key Points

• UBS Group has lowered its price target for Two Harbors Investments from $12.00 to $11.00, indicating a potential upside of 10.28% from its previous close.
• The stock has a current market cap of $1.04 billion and recently traded around $9.98, showing significant fluctuations with a 52-week range from $9.49 to $14.28.
• Overall, the company holds a consensus rating of "Hold" with three analysts rating it as a buy and five issuing hold ratings.

Two Harbors Investments (NYSE:TWO - Get Free Report) had its target price decreased by research analysts at UBS Group from $12.00 to $11.00 in a research report issued on Wednesday, MarketBeat.com reports. The firm presently has a "buy" rating on the real estate investment trust's stock. UBS Group's target price would indicate a potential upside of 6.33% from the company's current price.

Several other research analysts have also recently issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a report on Wednesday, May 28th. JMP Securities restated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Citizens Jmp reiterated a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Finally, Maxim Group cut their price target on Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.43.

Two Harbors Investments Trading Down 0.1%

Shares of NYSE TWO traded down $0.02 during midday trading on Wednesday, reaching $10.35. 595,312 shares of the stock were exchanged, compared to its average volume of 1,711,331. The company has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $11.33. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $1.08 billion, a P/E ratio of -2.91 and a beta of 1.28. Two Harbors Investments has a twelve month low of $9.49 and a twelve month high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of ($18.12) million during the quarter, compared to the consensus estimate of ($23.29) million. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. As a group, equities analysts expect that Two Harbors Investments will post 0.81 earnings per share for the current year.

Insider Buying and Selling

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of Two Harbors Investments stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $10.02, for a total value of $86,713.08. Following the completion of the transaction, the executive directly 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 sale 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.

Institutional Trading of Two Harbors Investments

A number of hedge funds have recently bought and sold shares of TWO. Allspring Global Investments Holdings LLC lifted its position in shares of Two Harbors Investments by 1.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,240,983 shares of the real estate investment trust's stock worth $57,074,000 after purchasing an additional 88,518 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Two Harbors Investments by 490.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust's stock worth $38,599,000 after buying an additional 2,977,196 shares in the last quarter. Invesco Ltd. lifted its position in Two Harbors Investments by 44.5% in the 2nd quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust's stock worth $28,540,000 after buying an additional 815,931 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Two Harbors Investments by 13.6% during the fourth quarter. Ameriprise Financial Inc. now owns 1,371,702 shares of the real estate investment trust's stock worth $16,227,000 after acquiring an additional 164,452 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Two Harbors Investments by 10.6% during the first quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust's stock worth $16,119,000 after acquiring an additional 115,698 shares in the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investments 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.