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Two Harbors Investment Corp (NYSE:TWO) Director Stephen G. Kasnet sold 5,237 shares of Two Harbors Investment Corp stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $10.38, for a total value of $54,360.06. Following the sale, the director now directly owns 87,826 shares in the company, valued at approximately $911,634. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

TWO has been the subject of a number of recent research reports. Analysts at Maxim Group raised their price target on shares of Two Harbors Investment Corp from $11.50 to $12.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Two Harbors Investment Corp in a research note on Thursday, August 7th. They now have a $12.30 price target on the stock, up previously from $11.80. Finally, 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $10.93.

Two Harbors Investment Corp (NYSE:TWO) traded down 0.29% on Tuesday, hitting $10.43. 1,920,635 shares of the company’s stock traded hands. Two Harbors Investment Corp has a one year low of $8.94 and a one year high of $10.79. The stock has a 50-day moving average of $10.40 and a 200-day moving average of $10.31. The company has a market cap of $3.819 billion and a P/E ratio of 67.05.

Two Harbors Investment Corp (NYSE:TWO) last announced its earnings results on Wednesday, August 6th. 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 $115.20 million for the quarter, compared to the consensus estimate of $116.22 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis.

Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).

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