Two Harbors Investment Corp. (NYSE:TWO) registered a 1.04% increase, still its new closing price is 39.90% up from the company’s 1 year high of 9.00.It posted 0.57% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 11 stock analysts following this company have an average price target at $9.36, with individual PT in the $9.00-$10.00 range. The shares moved at $8.77, implying that brokerage firms see shares gaining about 29.37% in twelve months time.
Two Harbors Investment Corp. (TWO) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 0.57% rise year to date. A General Counsel and Secretary at Two Harbors Investment Corp. (TWO) offloaded shares in a transaction closed on Monday January 30, 2017. Sandberg Rebecca B sold 10,136 shares in the company at $8.6 each and collected $87,000 in proceeds. Sandberg Rebecca B now owns 191,047 shares in the company after this transaction. A CFO and Treasurer in the company, Farrell Brad, disclosed a transaction on Monday January 30, 2017 that ended up generating $247,001 from the sale of 28,901 shares at $8.58 per share.
Two Harbors Investment Corp. (NYSE:TWO) Upcoming Results on Tap
Two Harbors Investment Corp. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.24 in that period. Sales during the quarter are predicted to arrive at $101.94 million.
Earnings surprise history: Last quarter, the company posted approximately $108.51 million in revenue and EPS of $0.24. The mean forecast was for $103.98 million and $0.23 a share, respectively. One quarter earlier, revenue for the stock was at $100.81 million, with earnings at $0.22/share.
Two Harbors Investment Corp. (TWO) Brokerage Update
Two Harbors Investment Corp. (TWO) is in Wells Fargo’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Market Perform by Wells Fargo, according to news reported on Friday November 04, 2016.Another important research note was issued by FBR Capital on Tuesday September 06, 2016.The firm downgraded TWO to Mkt Perform from Outperform. Over the last six months and over the last three months, the shares of Two Harbors Investment Corp. (TWO), have changed 5.12% and 7.52%, respectively.