Two Harbors Investments Corp (TWO) has an average broker rating of 1.5, which is interpreted as a Strong Buy, as rated by 10 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.
Two Harbors Investments Corp (TWO) : The highest short term price target forecast on Two Harbors Investments Corp (TWO) is $10 and the lowest target price is $9. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $9.32 with a standard deviation of $0.51.
Two Harbors Investments Corp (NYSE:TWO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.49 and $8.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.58, notching a gain of 1.30% for the day. The total traded volume was 2,628,916 . The stock had closed at $8.47 on the previous day.
The company shares have dropped -17.04% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $10.74 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.54 and the 200 Day Moving Average price is recorded at $8.02.
Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Companys 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.