Two Harbors Investments Corp (TWO) : 6 brokerage houses believe that Two Harbors Investments Corp (TWO) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Two Harbors Investments Corp (TWO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.56.
Two Harbors Investments Corp (TWO) stock is expected to deviate a maximum of $0.55 from the average target price of $9.21 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $9.
For the current week, the company shares have a recommendation consensus of Buy.
Two Harbors Investments Corp (NYSE:TWO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.65 and $8.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.78, notching a gain of 1.39% for the day. The total traded volume was 1,112,179 . The stock had closed at $8.66 on the previous day.
Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Companys investment objective is to provide risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. Its target assets include Agency residential mortgage-backed securities (RMBS) (which includes inverse interest-only Agency securities classified as Agency Derivatives), meaning RMBS whose principal and interest payments are guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; Non-Agency RMBS, meaning RMBS that are not issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; Residential mortgage loans; mortgage servicing rights (MSR); Commercial real estate debt and related assets, and other financial assets comprising approximately 5% to 10% of the portfolio. The Company is externally managed and advised by PRCM Advisers LLC, a subsidiary of Pine River Capital Management L.P.