Credit Suisse Group Reaffirms “Buy” Rating for Two Harbors Investments Corp (NYSE:TWO)

Two Harbors Investments Corp (NYSE:TWO)‘s stock had its “buy” rating reaffirmed by stock analysts at Credit Suisse Group in a research report issued on Thursday. They currently have a $10.00 price objective on the real estate investment trust’s stock. Credit Suisse Group’s price objective points to a potential downside of 0.30% from the stock’s previous close.

A number of other equities research analysts have also recently commented on 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 note on Tuesday. BidaskClub raised Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research cut Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $9.95.

Shares of Two Harbors Investments Corp (NYSE:TWO) traded up 0.3041% during trading on Thursday, hitting $10.0605. The company had a trading volume of 2,459,346 shares. Two Harbors Investments Corp has a 1-year low of $7.91 and a 1-year high of $10.54. The firm has a market capitalization of $3.51 billion, a P/E ratio of 6.5626 and a beta of 0.59. The company’s 50 day moving average is $9.92 and its 200 day moving average is $9.68.

Two Harbors Investments Corp (NYSE:TWO) last released its earnings results on Monday, August 7th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Two Harbors Investments Corp had a return on equity of 10.41% and a net margin of 72.15%. The firm had revenue of $117.79 million for the quarter, compared to analysts’ expectations of $123.04 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts anticipate that Two Harbors Investments Corp will post $1.06 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/2797968/credit-suisse-group-reaffirms-buy-rating-for-two-harbors-investments-corp-nysetwo.html.

In other news, CFO Brad Farrell sold 19,663 shares of the company’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 directly owns 410,727 shares of the company’s stock, valued at $4,049,768.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Rebecca B. Sandberg sold 5,566 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $9.85, for a total value of $54,825.10. Following the transaction, the general counsel now directly owns 179,466 shares in the company, valued at $1,767,740.10. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. LSV Asset Management increased its position in shares of Two Harbors Investments Corp by 13.2% in the first quarter. LSV Asset Management now owns 1,983,340 shares of the real estate investment trust’s stock worth $19,020,000 after buying an additional 231,540 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Two Harbors Investments Corp by 74.4% in the first quarter. Sequoia Financial Advisors LLC now owns 213,008 shares of the real estate investment trust’s stock worth $2,043,000 after buying an additional 90,837 shares during the last quarter. Camelot Portfolios LLC increased its position in shares of Two Harbors Investments Corp by 1.4% in the first quarter. Camelot Portfolios LLC now owns 204,025 shares of the real estate investment trust’s stock worth $1,957,000 after buying an additional 2,913 shares during the last quarter. KAMES CAPITAL plc increased its position in shares of Two Harbors Investments Corp by 0.4% in the first quarter. KAMES CAPITAL plc now owns 738,036 shares of the real estate investment trust’s stock worth $7,070,000 after buying an additional 3,160 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Two Harbors Investments Corp by 177.1% in the first quarter. IFP Advisors Inc now owns 61,187 shares of the real estate investment trust’s stock worth $587,000 after buying an additional 39,107 shares during the last quarter. 71.02% of the stock is currently owned by hedge funds and other 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.

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

Receive News & Ratings for Two Harbors Investments Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investments Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.