Two Harbors Investments Corp (NYSE:TWO) has received an average recommendation of “Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $9.69.

TWO has been the topic of several research reports. Maxim Group restated a “buy” rating and issued a $10.25 target price on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. BidaskClub downgraded Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded Two Harbors Investments Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Credit Suisse Group initiated coverage on Two Harbors Investments Corp in a research report on Wednesday, July 5th. They issued an “outperform” rating and a $10.50 target price on the stock.

Two Harbors Investments Corp (NYSE TWO) traded down 0.49% on Friday, hitting $10.12. 2,201,879 shares of the company traded hands. The firm has a market capitalization of $3.53 billion, a PE ratio of 6.60 and a beta of 0.59. Two Harbors Investments Corp has a 1-year low of $7.91 and a 1-year high of $10.54. The firm’s 50 day moving average price is $9.91 and its 200 day moving average price is $9.79.

Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $117.79 million for the quarter, compared to the consensus estimate of $123.04 million. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. Two Harbors Investments Corp’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 earnings per share. Equities research analysts predict that Two Harbors Investments Corp will post $1.07 EPS for the current fiscal year.

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In related news, CEO Thomas Siering acquired 5,000 shares of Two Harbors Investments Corp stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of $10.14 per share, for a total transaction of $50,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Two Harbors Investment Corp. acquired 14,772 shares of Two Harbors Investments Corp stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $19.10 per share, for a total transaction of $282,145.20. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 80,212 shares of company stock worth $1,197,219. Company insiders own 1.16% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TWO. Linscomb & Williams Inc. bought a new position in shares of Two Harbors Investments Corp during the second quarter worth approximately $100,000. Clinton Group Inc. bought a new position in shares of Two Harbors Investments Corp during the second quarter worth approximately $104,000. HighTower Advisors LLC bought a new position in shares of Two Harbors Investments Corp during the first quarter worth approximately $106,000. Synovus Financial Corp bought a new position in shares of Two Harbors Investments Corp during the second quarter worth approximately $113,000. Finally, Cadence Capital Management LLC bought a new position in shares of Two Harbors Investments Corp during the first quarter worth approximately $116,000. Hedge funds and other institutional investors own 70.22% of the company’s stock.

Two Harbors Investments Corp Company Profile

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

Analyst Recommendations for Two Harbors Investments Corp (NYSE:TWO)

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