Two Harbors Investments Corp (NYSE:TWO) was up NaN on Thursday . The stock traded as high as $16.51 and last traded at $0.00. Approximately 3,489,740 shares were traded during trading, an increase of Infinity from the average daily volume of 0 shares.

Several equities research analysts recently weighed in on TWO shares. BidaskClub upgraded shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. ValuEngine upgraded shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Two Harbors Investments Corp from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Maxim Group reiterated a “buy” rating and set a $20.50 price objective on shares of Two Harbors Investments Corp in a research note on Tuesday, August 8th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $20.00 price objective on shares of Two Harbors Investments Corp in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $19.90.

The stock has a market cap of $2,735.94, a P/E ratio of 7.61 and a beta of 0.58.

Two Harbors Investments Corp (NYSE:TWO) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. Two Harbors Investments Corp had a net margin of 72.15% and a return on equity of 10.26%. The company had revenue of $117.79 million for the quarter, compared to analyst estimates of $123.04 million. During the same quarter last year, the business earned $0.44 earnings per share. Two Harbors Investments Corp’s revenue was up 16.8% compared to the same quarter last year. analysts forecast that Two Harbors Investments Corp will post 2.12 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were paid a $0.52 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.08 annualized dividend and a dividend yield of 13.27%. This is a positive change from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. Two Harbors Investments Corp’s dividend payout ratio (DPR) is presently 72.73%.

In related news, major shareholder Two Harbors Investment Corp. acquired 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average cost of $19.07 per share, for a total transaction of $476,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Taylor acquired 32,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $10.06 per share, with a total value of $321,920.00. Following the completion of the acquisition, the director now directly owns 51,865 shares of the company’s stock, valued at $521,761.90. The disclosure for this purchase can be found here. Insiders acquired 206,356 shares of company stock worth $3,569,692 in the last 90 days. 1.16% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of TWO. Ameriprise Financial Inc. boosted its holdings in shares of Two Harbors Investments Corp by 4.1% in the first quarter. Ameriprise Financial Inc. now owns 84,990 shares of the real estate investment trust’s stock valued at $816,000 after acquiring an additional 3,354 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Two Harbors Investments Corp by 0.7% in the first quarter. Principal Financial Group Inc. now owns 61,784 shares of the real estate investment trust’s stock valued at $593,000 after acquiring an additional 454 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Two Harbors Investments Corp by 14.8% in the first quarter. Teachers Advisors LLC now owns 487,253 shares of the real estate investment trust’s stock valued at $4,673,000 after acquiring an additional 62,736 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Two Harbors Investments Corp by 31.8% in the first quarter. Legal & General Group Plc now owns 336,731 shares of the real estate investment trust’s stock valued at $3,229,000 after acquiring an additional 81,229 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Two Harbors Investments Corp by 4.0% in the first quarter. Vanguard Group Inc. now owns 28,170,629 shares of the real estate investment trust’s stock valued at $270,156,000 after acquiring an additional 1,095,212 shares in the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.

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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.

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