Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Two Harbors Investment (NYSE:TWO) Stock

Two Harbors Investment (NYSE:TWO) had its target price upped by analysts at Keefe, Bruyette & Woods from $12.95 to $13.25 in a report released on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 12.43% from the stock’s previous close.

TWO has been the topic of a number of other reports. JMP Securities decreased their price target on Two Harbors Investment from $14.00 to $13.50 and set a “market outperform” rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on Two Harbors Investment from $12.50 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 16th. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Two Harbors Investment has an average rating of “Hold” and an average price target of $13.29.

Two Harbors Investment Price Performance

NYSE:TWO opened at $11.79 on Wednesday. Two Harbors Investment has a 52 week low of $10.16 and a 52 week high of $14.28. The stock’s fifty day moving average is $12.62 and its two-hundred day moving average is $12.30. The company has a market capitalization of $1.23 billion, a P/E ratio of 5.59 and a beta of 1.36. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The company had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million. Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. Equities analysts expect that Two Harbors Investment will post 0.81 EPS for the current year.

Insider Buying and Selling at Two Harbors Investment

In other news, insider Rebecca B. Sandberg sold 2,561 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the sale, the insider now owns 146,803 shares of the company’s stock, valued at approximately $1,902,566.88. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Two Harbors Investment

Several hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Two Harbors Investment by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 890 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Two Harbors Investment by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment during the fourth quarter worth about $40,000. McIlrath & Eck LLC purchased a new stake in shares of Two Harbors Investment in the 3rd quarter valued at about $64,000. Finally, KBC Group NV boosted its position in shares of Two Harbors Investment by 86.5% in the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 3,077 shares during the period. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

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.