Two Harbors Investments Corp (NYSE:TWO) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Thursday.

Several other equities analysts have also issued reports on TWO. BidaskClub upgraded Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Credit Suisse Group restated a “buy” rating and set a $20.00 price objective on shares of Two Harbors Investments Corp in a research report on Thursday, August 10th. Maxim Group restated a “buy” rating and set a $20.50 price objective on shares of Two Harbors Investments Corp in a research report on Tuesday, August 8th. Finally, Zacks Investment Research raised Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, October 25th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $19.90.

Two Harbors Investments Corp (NYSE:TWO) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The firm had revenue of $117.79 million for the quarter, compared to analyst estimates of $123.04 million. During the same quarter last year, the company earned $0.44 EPS. The company’s revenue was up 16.8% on a year-over-year basis.

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In related news, major shareholder Two Harbors Investment Corp. acquired 25,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was purchased at an average cost of $18.50 per share, with a total value of $462,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian Taylor acquired 32,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost 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 in the company, valued at approximately $521,761.90. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 206,356 shares of company stock worth $3,569,692. 1.16% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in TWO. Linscomb & Williams Inc. purchased a new position in Two Harbors Investments Corp in the second quarter valued at approximately $100,000. Meeder Asset Management Inc. purchased a new position in Two Harbors Investments Corp in the third quarter valued at approximately $101,000. Clinton Group Inc. purchased a new position in Two Harbors Investments Corp in the second quarter valued at approximately $104,000. HighTower Advisors LLC purchased a new position in Two Harbors Investments Corp in the first quarter valued at approximately $106,000. Finally, Synovus Financial Corp purchased a new position in Two Harbors Investments Corp in the second quarter valued at approximately $113,000. 70.64% of the stock is owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Two Harbors Investments Corp (NYSE:TWO)

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