Two Harbors Investment Corp. Upgraded to Buy at Ladenburg Thalmann (TWO)
Two Harbors Investment Corp. (NYSE:TWO) was upgraded by investment analysts at Ladenburg Thalmann from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $11.25 price objective on the stock. Ladenburg Thalmann’s price objective indicates a potential upside of 19.30% from the stock’s previous close. The analysts noted that the move was a valuation call.
Two Harbors Investment Corp. (NYSE:TWO) traded down 0.64% on Wednesday, hitting $9.37. The stock had a trading volume of 2,179,785 shares. Two Harbors Investment Corp. has a 1-year low of $8.95 and a 1-year high of $13.054. The stock’s 50-day moving average is $9.91 and its 200-day moving average is $11.23. The company has a market cap of $3.427 billion and a price-to-earnings ratio of 3.93.
Two Harbors Investment Corp. (NYSE:TWO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.10. The company had revenue of $145.30 million for the quarter. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 37.2% on a year-over-year basis.
A number of other firms have also recently commented on TWO. Analysts at Zacks downgraded shares of Two Harbors Investment Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $9.30 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Two Harbors Investment Corp. from $12.00 to $11.50 in a research note to investors on Friday, August 9th. Finally, analysts at Barclays Capital cut their price target on shares of Two Harbors Investment Corp. from $13.00 to $11.00 in a research note to investors on Friday, August 9th.
One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Two Harbors Investment Corp. presently has an average rating of “Buy” and an average target price of $12.11.
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.