Two Harbors Investment Corp (TWO) was Downgraded by FBR Capital to ” Mkt Perform” and the brokerage firm has set the Price Target at $9. Earlier the firm had a rating of “Outperform ” on the company shares. FBR Capital advised their investors in a research report released on Sep 6, 2016.
Many Wall Street Analysts have commented on Two Harbors Investment Corp. Company shares were Reiterated by Wunderlich on Aug 5, 2016 to “Hold”, Firm has raised the Price Target to $ 9.50 from a previous price target of $8.75 .
On the company’s financial health, Two Harbors Investment Corp reported $0.22 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.22. The company had revenue of $100.80 million for the quarter, compared to analysts expectations of $95.48 million. The company’s revenue was down -14.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
Two Harbors Investment Corp closed down -0.03 points or -0.34% at $8.87 with 12,23,361 shares getting traded on Thursday. Post opening the session at $8.95, the shares hit an intraday low of $8.81 and an intraday high of $8.95 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Aug 11, 2016, Thomas Siering (CEO) purchased 3,500 shares at $8.99 per share price. According to the SEC, on Jun 1, 2016, Rebecca B Sandberg (General Counsel and Secretary) sold 6,488 shares at $8.48 per share price. On Jun 1, 2016, Mary Kathryn Riskey (Chief Accounting Officer) sold 2,127 shares at $8.48 per share price, according to the Form-4 filing with the securities and exchange commission.
Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Company’s 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.