Two Harbors Investment Corp CEO Thomas Siering Sells 20,000 Shares (TWO)
Two Harbors Investment Corp (NYSE:TWO) CEO Thomas Siering unloaded 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $10.47, for a total transaction of $209,400.00. Following the transaction, the chief executive officer now directly owns 846,111 shares of the company’s stock, valued at approximately $8,858,782. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on TWO shares. 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, August 11th. 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 analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Two Harbors Investment Corp has an average rating of “Buy” and an average price target of $10.93.
Two Harbors Investment Corp (NYSE:TWO) traded up 0.38% during mid-day trading on Thursday, hitting $10.54. 1,404,524 shares of the company’s stock traded hands. Two Harbors Investment Corp has a 1-year low of $8.94 and a 1-year high of $10.79. The stock has a 50-day moving average of $10.39 and a 200-day moving average of $10.3. The company has a market cap of $3.859 billion and a price-to-earnings ratio of 67.31.
Two Harbors Investment Corp (NYSE:TWO) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter 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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