Two Harbors Investment (NYSE:TWO) Stock Rating Reaffirmed by JMP Securities

Two Harbors Investment (NYSE:TWO)‘s stock had its “market outperform” rating reiterated by equities researchers at JMP Securities in a research report issued on Thursday, Benzinga reports. They presently have a $15.00 price objective on the real estate investment trust’s stock. JMP Securities’ target price suggests a potential upside of 23.66% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. TheStreet downgraded shares of Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th. Finally, Jonestrading assumed coverage on shares of Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.50.

Two Harbors Investment Trading Up 1.9 %

Shares of Two Harbors Investment stock opened at $12.13 on Thursday. Two Harbors Investment has a 1 year low of $9.83 and a 1 year high of $14.59. The firm has a market cap of $1.26 billion, a PE ratio of -6.07 and a beta of 1.87. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.48. The company has a 50 day simple moving average of $12.66 and a two-hundred day simple moving average of $12.93.

Insider Activity

In other news, CFO Mary Kathryn Riskey sold 2,150 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $26,445.00. Following the completion of the transaction, the chief financial officer now directly owns 83,605 shares in the company, valued at approximately $1,028,341.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Mary Kathryn Riskey sold 2,150 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $26,445.00. Following the completion of the sale, the chief financial officer now directly owns 83,605 shares in the company, valued at $1,028,341.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William Ross Greenberg sold 7,170 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following the completion of the sale, the chief executive officer now owns 264,079 shares of the company’s stock, valued at $3,248,171.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,752 shares of company stock worth $169,150. 0.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Two Harbors Investment

Several institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new stake in shares of Two Harbors Investment during the fourth quarter worth about $40,000. Cape Investment Advisory Inc. purchased a new position in Two Harbors Investment during the fourth quarter valued at approximately $58,000. Montag A & Associates Inc. raised its position in Two Harbors Investment by 238.4% during the fourth quarter. Montag A & Associates Inc. now owns 5,239 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 3,691 shares in the last quarter. FMR LLC raised its position in Two Harbors Investment by 22.1% during the third quarter. FMR LLC now owns 5,324 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 964 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Two Harbors Investment by 38.4% during the third quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 1,652 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment 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.