Two Harbors Investment Corp Rating Reiterated by Deutsche Bank (TWO)
Two Harbors Investment Corp (NYSE:TWO)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Thursday. They currently have a $12.30 price target on the stock, up from their previous price target of $11.80. Deutsche Bank’s price objective would indicate a potential upside of 19.53% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Two Harbors Investment Corp from $11.00 to $11.50 in a research note on Tuesday, May 27th. Analysts at Wunderlich upgraded shares of Two Harbors Investment Corp to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $11.00 price target on the stock, down previously from $11.50. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $11.09.
Two Harbors Investment Corp (NYSE:TWO) traded up 0.68% on Thursday, hitting $10.36. The stock had a trading volume of 3,701,195 shares. Two Harbors Investment Corp has a 1-year low of $8.94 and a 1-year high of $10.79. The stock’s 50-day moving average is $10.4 and its 200-day moving average is $10.3. The company has a market cap of $3.792 billion and a price-to-earnings ratio of 9.30.
Two Harbors Investment Corp (NYSE:TWO) last released its earnings data on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $115.20 million for the quarter, compared to the consensus estimate of $116.22 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis.
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
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