Two Harbors Investments Corp (TWO) Getting Favorable News Coverage, AlphaOne Reports

News coverage about Two Harbors Investments Corp (NYSE:TWO) has trended positive recently, according to Alpha One Sentiment. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Two Harbors Investments Corp earned a daily sentiment score of 0.35 on Alpha One’s scale. Alpha One also assigned news articles about the real estate investment trust an impact score of 71 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have effected Alpha One’s scoring:

Insider Buying and Selling by Quarter for Two Harbors Investments Corp (NYSE:TWO)

Shares of Two Harbors Investments Corp (NYSE:TWO) traded up 0.743% during midday trading on Tuesday, hitting $10.175. 1,175,072 shares of the stock traded hands. The stock has a 50 day moving average of $9.98 and a 200 day moving average of $9.36. Two Harbors Investments Corp has a 1-year low of $7.91 and a 1-year high of $10.28. The company has a market capitalization of $3.55 billion, a P/E ratio of 6.908 and a beta of 0.61.

Two Harbors Investments Corp (NYSE:TWO) last released its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $116.20 million for the quarter, compared to analyst estimates of $107.90 million. Two Harbors Investments Corp had a return on equity of 9.81% and a net margin of 74.05%. Two Harbors Investments Corp’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Equities research analysts predict that Two Harbors Investments Corp will post $1.06 earnings per share for the current fiscal year.

A number of research firms have weighed in on TWO. Wells Fargo & Company downgraded shares of Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 price target on the stock. in a research note on Tuesday, April 11th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Finally, Maxim Group reiterated a “buy” rating and set a $10.25 price target on shares of Two Harbors Investments Corp in a research note on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Two Harbors Investments Corp currently has a consensus rating of “Hold” and an average target price of $9.73.

ILLEGAL ACTIVITY WARNING: “Two Harbors Investments Corp (TWO) Getting Favorable News Coverage, AlphaOne Reports” was originally published by sleekmoney and is the sole property of of sleekmoney. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://sleekmoney.com/two-harbors-investments-corp-two-getting-favorable-news-coverage-alphaone-reports/1905753.html.

In other news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the stock in a transaction on Monday, May 15th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Brad Farrell sold 19,663 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.86, for a total value of $193,877.18. Following the sale, the chief financial officer now directly owns 410,727 shares in the company, valued at $4,049,768.22. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company’s stock.

About Two Harbors Investments Corp

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.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/two-harbors-investments-corp-two-getting-favorable-news-coverage-alphaone-reports/1905753.html

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.

 

Leave a Reply

Your email address will not be published. Required fields are marked *