Two Harbors Investment Corp Given Average Recommendation of “Buy” by Analysts (NYSE:TWO)
Two Harbors Investment Corp (NYSE:TWO) has been given an average recommendation of “Buy” by the ten brokerages that are presently covering the stock, ARN reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.93.
Shares of Two Harbors Investment Corp (NYSE:TWO) opened at 10.46 on Friday. Two Harbors Investment Corp has a one year low of $8.94 and a one year high of $10.79. The stock’s 50-day moving average is $10.40 and its 200-day moving average is $10.31. The company has a market cap of $3.830 billion and a price-to-earnings ratio of 66.47.
Two Harbors Investment Corp (NYSE:TWO) last announced its earnings results 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.
A number of analysts have recently weighed in on TWO shares. Analysts at Maxim Group raised their price target on shares of Two Harbors Investment Corp from $11.50 to $12.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Two Harbors Investment Corp in a research note on Thursday, August 7th. They now have a $12.30 price target on the stock, up previously from $11.80. Finally, 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.
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
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