Two Harbors Investment Corp Reaches New 12-Month High at $10.74 (TWO)
Two Harbors Investment Corp (NYSE:TWO) shares hit a new 52-week high during trading on Friday , American Banking & Market News reports. The stock traded as high as $10.74 and last traded at $10.74, with a volume of 1,703,139 shares traded. The stock had previously closed at $10.68.
A number of analysts have recently weighed in on TWO shares. Analysts at Credit Suisse raised their price target on shares of Two Harbors Investment Corp from $11.00 to $11.50 in a research note on Tuesday, May 27th. Analysts at Wunderlich upgraded shares of Two Harbors Investment Corp to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $11.00 price target on the stock, down previously from $11.50. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $10.98.
The stock has a 50-day moving average of $10. and a 200-day moving average of $10.10. The company has a market cap of $3.942 billion and a P/E ratio of 9.65.
Two Harbors Investment Corp (NYSE:TWO) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $112.50 million for the quarter. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 22nd. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 9.74%. The ex-dividend date is Monday, June 30th.
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
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