BidaskClub downgraded shares of Two Harbors Investments Corp (NYSE:TWO) from a strong-buy rating to a buy rating in a research report released on Friday.

A number of other research analysts have also commented on TWO. Zacks Investment Research lowered Two Harbors Investments Corp from a buy rating to a hold rating in a research note on Friday. Credit Suisse Group assumed coverage on Two Harbors Investments Corp in a research note on Wednesday, July 5th. They issued an outperform rating and a $10.50 target price for the company. Maxim Group restated a buy rating and issued a $10.25 target price on shares of Two Harbors Investments Corp in a research note on Wednesday, June 7th. Finally, Wells Fargo & Company lowered Two Harbors Investments Corp from an outperform rating to a market perform rating and set a $9.50 target price for the company. in a research note on Tuesday, April 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Two Harbors Investments Corp currently has a consensus rating of Buy and a consensus price target of $9.84.

Two Harbors Investments Corp (TWO) traded up 0.10% during trading on Friday, reaching $9.90. 668,249 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $10.00 and its 200-day moving average price is $9.64. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 6.72 and a beta of 0.60. Two Harbors Investments Corp has a 52-week low of $7.91 and a 52-week high of $10.54.

Two Harbors Investments Corp (NYSE:TWO) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $116.20 million during the quarter, compared to analyst estimates of $107.90 million. Two Harbors Investments Corp had a return on equity of 9.81% and a net margin of 74.05%. Two Harbors Investments Corp’s revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. Equities analysts expect that Two Harbors Investments Corp will post $1.06 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Friday, June 30th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 10.52%. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, June 28th. Two Harbors Investments Corp’s dividend payout ratio is 75.91%.

In other Two Harbors Investments Corp news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.85, for a total value of $54,825.10. Following the sale, the general counsel now directly owns 179,466 shares in the company, valued at $1,767,740.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brad Farrell sold 19,663 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $9.86, for a total value of $193,877.18. Following the completion of the sale, the chief financial officer now owns 410,727 shares in the company, valued at $4,049,768.22. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new stake in shares of Two Harbors Investments Corp during the first quarter worth $106,000. Cadence Capital Management LLC bought a new stake in shares of Two Harbors Investments Corp during the first quarter worth $116,000. World Asset Management Inc boosted its stake in shares of Two Harbors Investments Corp by 0.7% in the first quarter. World Asset Management Inc now owns 12,407 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 83 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Two Harbors Investments Corp during the first quarter worth $120,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Two Harbors Investments Corp by 61.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,264 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 5,456 shares during the period. Hedge funds and other institutional investors own 70.99% 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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