Two Harbors Investments Corp (TWO) : 10 analysts are covering Two Harbors Investments Corp (TWO) and their average rating on the stock is 1.5, which is read as a Strong Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Two Harbors Investments Corp (TWO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Two Harbors Investments Corp (TWO) : Currently there are 7 street experts covering Two Harbors Investments Corp (TWO) stock. The most bullish and bearish price target for the stock is $10 and $9 respectively for the short term. The average price target of all the analysts comes to $9.32. The estimated standard deviation from the target is $0.51.
For the current week, the company shares have a recommendation consensus of Buy.
Two Harbors Investments Corp (NYSE:TWO): The stock opened at $8.54 on Tuesday but the bulls could not build on the opening and the stock topped out at $8.58 for the day. The stock traded down to $8.46 during the day, due to lack of any buying support eventually closed down at $8.49 with a loss of -0.47% for the day. The stock had closed at $8.53 on the previous day. The total traded volume was 1,824,936 shares.
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.