Two Harbors Investments Corp (TWO) : Traders are bullish on Two Harbors Investments Corp (TWO) as it has outperformed the S&P 500 by a wide margin of 4.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.56% in the last 1 week, and is up 5.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.82% and the 50-Day Moving Average is 5.29%. Two Harbors Investments Corp (NYSE:TWO): stock turned positive on Friday. Though the stock opened at $9.04, the bulls momentum made the stock top out at $9.07 level for the day. The stock recorded a low of $9 and closed the trading day at $9.01, in the green by 0.33%. The total traded volume for the day was 1,400,345. The stock had closed at $8.98 in the previous days trading.
The company Insiders own 0.96% of Two Harbors Investments Corp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.26% . Institutional Investors own 69.49% of Two Harbors Investments Corp shares. During last six month period, the net percent change held by insiders has seen a change of -2.72%. Also, Equity Analysts at the Keefe Bruyette & Woods maintains the rating on Two Harbors Investments Corp (NYSE:TWO). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $9 per share to $9.5 per share. The rating by the firm was issued on August 8, 2016.
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.