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

Two Harbors Investments (NYSE:TWO) had its target price raised by Royal Bank Of Canada from $11.00 to $12.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price points to a potential downside of 0.79% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Compass Point reiterated a “neutral” rating and issued a $13.00 target price on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. upped their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Two Harbors Investments has an average rating of “Hold” and a consensus target price of $12.60.

Two Harbors Investments Trading Down 0.0%

TWO stock traded down $0.01 on Monday, reaching $12.10. The company’s stock had a trading volume of 113,070 shares, compared to its average volume of 2,895,000. The business has a fifty day simple moving average of $12.29 and a two-hundred day simple moving average of $11.68. Two Harbors Investments has a 12-month low of $8.78 and a 12-month high of $14.17. The firm has a market cap of $1.27 billion, a PE ratio of -3.17 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 forecast that Two Harbors Investments will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in Two Harbors Investments by 45.3% during the 3rd quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock valued at $44,766,000 after buying an additional 1,415,062 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Two Harbors Investments by 490.7% during 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 acquiring an additional 2,977,196 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Two Harbors Investments by 44.5% during the 2nd quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock worth $28,540,000 after acquiring an additional 815,931 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Two Harbors Investments by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,485,048 shares of the real estate investment trust’s stock valued at $26,098,000 after acquiring an additional 21,212 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Two Harbors Investments during the 4th quarter valued at approximately $23,886,000. Hedge funds and other institutional investors 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.