B. Riley upgraded shares of Two Harbors Investments Corp (NYSE:TWO) from a neutral rating to a buy rating in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has $16.50 price target on the real estate investment trust’s stock, down from their prior price target of $20.00. B. Riley also issued estimates for Two Harbors Investments Corp’s Q4 2017 earnings at $0.47 EPS, FY2017 earnings at $2.09 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.80 EPS. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also recently issued reports on TWO. Maxim Group reaffirmed a buy rating and issued a $17.00 target price (down from $20.50) on shares of Two Harbors Investments Corp in a report on Thursday, November 9th. ValuEngine cut shares of Two Harbors Investments Corp from a strong-buy rating to a buy rating in a report on Thursday, November 9th. BidaskClub raised shares of Two Harbors Investments Corp from a buy rating to a strong-buy rating in a report on Friday, August 4th. Credit Suisse Group reissued a buy rating and issued a $20.00 price target on shares of Two Harbors Investments Corp in a report on Thursday, August 10th. Finally, Barclays PLC increased their price target on shares of Two Harbors Investments Corp from $10.00 to $17.00 and gave the company an overweight rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Two Harbors Investments Corp currently has an average rating of Buy and a consensus price target of $18.50.

Shares of Two Harbors Investments Corp (TWO) opened at $15.51 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.37. The stock has a market cap of $2,678.41, a PE ratio of 7.34 and a beta of 0.58. Two Harbors Investments Corp has a fifty-two week low of $15.21 and a fifty-two week high of $21.08.

Two Harbors Investments Corp (NYSE:TWO) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.24. The company had revenue of $115.03 million for the quarter, compared to analysts’ expectations of $112.87 million. Two Harbors Investments Corp had a net margin of 63.23% and a return on equity of 10.27%. Two Harbors Investments Corp’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. analysts predict that Two Harbors Investments Corp will post 2.12 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were issued a $0.52 dividend. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. This represents a $2.08 annualized dividend and a yield of 13.41%. The ex-dividend date was Thursday, September 28th. Two Harbors Investments Corp’s dividend payout ratio is currently 71.23%.

In other Two Harbors Investments Corp news, major shareholder Two Harbors Investment Corp. bought 25,000 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were purchased at an average price of $18.50 per share, for a total transaction of $462,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders acquired 126,144 shares of company stock worth $2,372,473. Insiders own 1.16% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Optimum Investment Advisors grew its position in shares of Two Harbors Investments Corp by 0.7% during the 2nd quarter. Optimum Investment Advisors now owns 17,687 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 117 shares in the last quarter. CIBC World Markets Inc. grew its position in shares of Two Harbors Investments Corp by 1.1% during the 2nd quarter. CIBC World Markets Inc. now owns 15,140 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 162 shares in the last quarter. World Asset Management Inc grew its position in shares of Two Harbors Investments Corp by 1.4% during the 2nd quarter. World Asset Management Inc now owns 12,582 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 175 shares in the last quarter. Cadence Capital Management LLC grew its position in shares of Two Harbors Investments Corp by 1.6% during the 2nd quarter. Cadence Capital Management LLC now owns 12,310 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 190 shares in the last quarter. Finally, Utah Retirement Systems grew its position in shares of Two Harbors Investments Corp by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 262 shares in the last quarter.

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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