Two Harbors Investment Corp Given Consensus Rating of “Buy” by Brokerages (NYSE:TWO)
Two Harbors Investment Corp (NYSE:TWO) has earned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the company, American Banking & Market News reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $10.89.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Two Harbors Investment Corp in a research note on Thursday. They now have a $12.30 price target on the stock, up previously from $11.80. Separately, 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. Finally, 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.
Shares of Two Harbors Investment Corp (NYSE:TWO) traded up 0.10% during mid-day trading on Friday, hitting $10.37. 551,766 shares of the company’s stock traded hands. 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 $3.797 billion and a price-to-earnings ratio of 66.41.
Two Harbors Investment Corp (NYSE:TWO) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.21 earnings per share. Two Harbors Investment Corp’s revenue was down 4.5% compared to the same quarter last year.
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
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