2 weeks Ago By Defense World Staff
Two Harbors Investment (NYSE:TWO – Get Free Report) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $12.50 to $10.
50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.
‘s price target suggests a potential downside of 4.24% from the stock’s previous close.TWO has been the subject of several other reports.
Keefe, Bruyette & Woods decreased their target price on shares of Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating for the company in a research report on Tuesday, April 8th.
JMP Securities reiterated a “market outperform” rating and set a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday, January 23rd. StockNews.
com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada increased their price target on Two Harbors Investment from $12.00 to $13.
00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Two Harbors Investment currently has an average rating of “Moderate Buy” and an average target price of $13.
46.View Our Latest Analysis on TWOTwo Harbors Investment Stock Up 1.4 %Shares of Two Harbors Investment stock opened at $10.
97 on Wednesday. The company has a market cap of $1.14 billion, a P/E ratio of 5.
20 and a beta of 1.36. Two Harbors Investment has a 1 year low of $10.
16 and a 1 year high of $14.28. The company has a current ratio of 1.
09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.
The stock has a 50-day moving average price of $13.00 and a 200 day moving average price of $12.39.
Two Harbors Investment (NYSE:TWO – Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
27 by ($0.07). Two Harbors Investment had a return on equity of 6.
52% and a net margin of 66.24%. As a group, analysts expect that Two Harbors Investment will post 0.
81 EPS for the current fiscal year. Insiders Place Their BetsIn other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the firm’s stock in a transaction that occurred on Monday, February 10th.
The shares were sold at an average price of $12.96, for a total transaction of $33,190.56.
Following the completion of the sale, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This trade represents a 1.
71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.
61% of the company’s stock. Institutional Investors Weigh In On Two Harbors InvestmentA number of large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its position in Two Harbors Investment by 818.
5% in the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment in the 4th quarter valued at approximately $40,000.
McIlrath & Eck LLC bought a new stake in shares of Two Harbors Investment during the 3rd quarter valued at approximately $64,000. KBC Group NV increased its position in Two Harbors Investment by 86.5% during the 4th quarter.
KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 3,077 shares in the last quarter. Finally, Wolverine Trading LLC lifted its stake in Two Harbors Investment by 866.3% in the 4th quarter.
Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 9,443 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.
Two Harbors Investment Company Profile (Get Free Report)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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