Two Harbors Investments Corp (NYSE:TWO)‘s stock had its “buy” rating restated by stock analysts at Maxim Group in a report released on Tuesday. They presently have a $10.25 price target on the real estate investment trust’s stock. Maxim Group’s price target would indicate a potential upside of 3.22% from the stock’s previous close.

A number of other research firms have also weighed in on TWO. BidaskClub raised Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research lowered Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Credit Suisse Group started coverage on Two Harbors Investments Corp in a research report on Wednesday, July 5th. They set an “outperform” rating and a $10.50 price objective on the stock. Finally, Wells Fargo & Company lowered Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 price objective on the stock. in a research report on Tuesday, April 11th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Two Harbors Investments Corp has an average rating of “Buy” and a consensus price target of $9.96.

Shares of Two Harbors Investments Corp (NYSE:TWO) traded up 1.02% during mid-day trading on Tuesday, reaching $9.93. The company’s stock had a trading volume of 3,142,150 shares. The stock has a market cap of $3.46 billion, a P/E ratio of 6.74 and a beta of 0.59. The stock has a 50 day moving average of $9.97 and a 200-day moving average of $9.65. Two Harbors Investments Corp has a one year low of $7.91 and a one year high of $10.54.

Two Harbors Investments Corp (NYSE:TWO) last announced its earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $117.79 million for the quarter, compared to analyst estimates of $123.04 million. Two Harbors Investments Corp had a return on equity of 9.81% and a net margin of 74.05%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. On average, equities research analysts expect that Two Harbors Investments Corp will post $1.06 EPS for the current fiscal year.

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In related news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $9.85, for a total transaction of $54,825.10. Following the completion of the transaction, the general counsel now owns 179,466 shares in the company, valued at $1,767,740.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Brad Farrell sold 19,663 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.86, for a total transaction of $193,877.18. Following the transaction, the chief financial officer now owns 410,727 shares of the company’s stock, valued at approximately $4,049,768.22. The disclosure for this sale can be found here. 1.16% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of TWO. World Asset Management Inc increased its position 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 last quarter. Intellectus Partners LLC increased its position in shares of Two Harbors Investments Corp by 0.3% in the first quarter. Intellectus Partners LLC now owns 54,038 shares of the real estate investment trust’s stock worth $532,000 after buying an additional 159 shares during the last quarter. Cadence Capital Management LLC increased its position in shares of Two Harbors Investments Corp by 1.6% in the second quarter. Cadence Capital Management LLC now owns 12,310 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 190 shares during the last quarter. Utah Retirement Systems increased its position in shares of Two Harbors Investments Corp by 0.4% in the second quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock worth $628,000 after buying an additional 262 shares during the last quarter. Finally, CIBC World Markets Inc. increased its position in shares of Two Harbors Investments Corp by 2.1% in the first quarter. CIBC World Markets Inc. now owns 14,978 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 71.02% 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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