JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Two Harbors Investments (NYSE:TWO) Stock

Two Harbors Investments (NYSE:TWO) had its price objective boosted by analysts at JPMorgan Chase & Co. from $11.00 to $12.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 0.79% from the company’s current price.

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

Two Harbors Investments Price Performance

Two Harbors Investments stock opened at $12.10 on Friday. The business’s 50-day simple moving average is $12.34 and its 200 day simple moving average is $11.62. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -3.17 and a beta of 1.03. Two Harbors Investments has a 12-month low of $8.78 and a 12-month high of $14.17. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The firm had revenue of $225.08 million during the quarter, compared to analyst estimates of $2.33 million. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%. As a group, research analysts anticipate that Two Harbors Investments will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On Two Harbors Investments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP increased its stake in shares of Two Harbors Investments by 695.6% in the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,991 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Two Harbors Investments by 34.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 981 shares during the last quarter. Advisory Services Network LLC bought a new position in Two Harbors Investments during the 3rd quarter worth approximately $42,000. Ballast Advisors LLC acquired a new position in Two Harbors Investments during the first quarter valued at approximately $50,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Two Harbors Investments during the fourth quarter valued at approximately $68,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

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.