Two Harbors Investments Corp (NYSE:TWO) Director Brian Taylor purchased 9,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of $15.64 per share, with a total value of $148,580.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Two Harbors Investments Corp (TWO) traded up $0.10 on Thursday, hitting $16.20. The stock had a trading volume of 2,225,940 shares, compared to its average volume of 1,662,388. The stock has a market capitalization of $2,809.27, a price-to-earnings ratio of 7.70 and a beta of 0.58. Two Harbors Investments Corp has a one year low of $13.74 and a one year high of $17.29. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.33 and a quick ratio of 1.33.

Two Harbors Investments Corp (NYSE:TWO) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.24. The company had revenue of $115.03 million during the quarter, compared to analyst estimates of $112.87 million. Two Harbors Investments Corp had a return on equity of 10.27% and a net margin of 63.23%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share. equities analysts expect that Two Harbors Investments Corp will post 2.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 12.84%. This is a positive change from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, September 28th. Two Harbors Investments Corp’s dividend payout ratio (DPR) is currently 71.23%.

ILLEGAL ACTIVITY WARNING: This story was first posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.watchlistnews.com/two-harbors-investments-corp-two-director-purchases-148580-00-in-stock/1722171.html.

Several large investors have recently made changes to their positions in the stock. Optimum Investment Advisors raised its holdings in shares of Two Harbors Investments Corp by 0.7% during the second quarter. Optimum Investment Advisors now owns 17,687 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 117 shares in the last quarter. CIBC World Markets Inc. raised its holdings in shares of Two Harbors Investments Corp by 1.1% during the second quarter. CIBC World Markets Inc. now owns 15,140 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 162 shares in the last quarter. World Asset Management Inc raised its holdings in shares of Two Harbors Investments Corp by 1.4% during the second quarter. World Asset Management Inc now owns 12,582 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 175 shares in the last quarter. Cadence Capital Management LLC raised its holdings in shares of Two Harbors Investments Corp by 1.6% during the second quarter. Cadence Capital Management LLC now owns 12,310 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 190 shares in the last quarter. Finally, Utah Retirement Systems raised its holdings in shares of Two Harbors Investments Corp by 0.4% during the second quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock worth $628,000 after acquiring an additional 262 shares in the last quarter.

TWO has been the subject of a number of recent research reports. Zacks Investment Research upgraded Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, October 25th. ValuEngine upgraded Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 2nd. BidaskClub downgraded Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Barclays PLC increased their price objective on Two Harbors Investments Corp from $10.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Finally, Maxim Group reiterated a “buy” rating and set a $17.00 price objective (down previously from $20.50) on shares of Two Harbors Investments Corp in a research report on Thursday, November 9th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.50.

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.

Insider Buying and Selling by Quarter for Two Harbors Investments Corp (NYSE:TWO)

Receive News & Ratings for Two Harbors Investments Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investments Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.