Shares of Two Harbors Investments Corp (NYSE:TWO) have been given a consensus recommendation of “Buy” by the eight analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.75.

Several research firms have recently weighed in on TWO. BidaskClub raised shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research downgraded shares of Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Credit Suisse Group began coverage on shares of Two Harbors Investments Corp in a research report on Wednesday, July 5th. They issued an “outperform” rating and a $10.50 target price for the company. Maxim Group reissued a “buy” rating and issued a $10.25 target price on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. Finally, Wells Fargo & Company downgraded shares of Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 target price for the company. in a research report on Tuesday, April 11th. They noted that the move was a valuation call.

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

Several large investors have recently made changes to their positions in TWO. James Investment Research Inc. purchased a new position in Two Harbors Investments Corp during the first quarter worth about $154,000. Hudson Valley Investment Advisors Inc. ADV raised its position in Two Harbors Investments Corp by 38.8% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 34,700 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 9,700 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in Two Harbors Investments Corp during the first quarter worth about $809,000. Americafirst Capital Management LLC purchased a new position in Two Harbors Investments Corp during the first quarter worth about $852,000. Finally, BLB&B Advisors LLC raised its position in Two Harbors Investments Corp by 15.7% in the first quarter. BLB&B Advisors LLC now owns 20,690 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 2,800 shares during the last quarter. 70.99% of the stock is owned by institutional investors and hedge funds.

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Two Harbors Investments Corp (NYSE TWO) opened at 9.80 on Friday. The stock has a 50 day moving average price of $10.00 and a 200 day moving average price of $9.65. The stock has a market cap of $3.42 billion, a PE ratio of 6.65 and a beta of 0.59. Two Harbors Investments Corp has a 1-year low of $7.91 and a 1-year high of $10.54.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, June 30th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date of this dividend was Wednesday, June 28th. This is an increase from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. Two Harbors Investments Corp’s dividend payout ratio is currently 75.91%.

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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