Two Harbors Investments (NYSE:TWO) Price Target Raised to $12.00

Two Harbors Investments (NYSE:TWO) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $11.00 to $12.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 0.79% from the stock’s previous close.

Several other brokerages have also issued reports on TWO. Zacks Research upgraded shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings upgraded Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Finally, Compass Point reissued a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Two Harbors Investments has a consensus rating of “Reduce” and a consensus target price of $12.75.

Two Harbors Investments Price Performance

Shares of TWO stock opened at $12.10 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50-day moving average is $12.35 and its two-hundred day moving average is $11.61. Two Harbors Investments has a 12 month low of $8.78 and a 12 month high of $14.17. The company has a market capitalization of $1.27 billion, a PE ratio of -3.17 and a beta of 1.03.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. The business had revenue of $225.08 million during the quarter, compared to analysts’ expectations of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. Analysts predict that Two Harbors Investments will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On Two Harbors Investments

A number of hedge funds have recently bought and sold shares of TWO. GAMMA Investing LLC boosted its stake in shares of Two Harbors Investments by 37.8% in the 2nd quarter. GAMMA Investing LLC now owns 7,162 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 1,964 shares during the period. Ballast Advisors LLC acquired a new position in Two Harbors Investments during the 1st quarter worth approximately $50,000. Amundi increased its position in shares of Two Harbors Investments by 63.9% in the 1st quarter. Amundi now owns 19,420 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 7,568 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Two Harbors Investments by 47.7% in the 1st quarter. California State Teachers Retirement System now owns 141,286 shares of the real estate investment trust’s stock valued at $1,613,000 after purchasing an additional 45,602 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Two Harbors Investments by 243.0% in the 1st quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust’s stock valued at $1,596,000 after purchasing an additional 98,987 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.