Two Harbors Investment Corp (TWO) was Reiterated by Wunderlich to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 9.50 from a previous price target of $8.75 . Wunderlich advised their investors in a research report released on Aug 5, 2016.
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 opened for trading at $8.8 and hit $8.84 on the upside on Thursday, eventually ending the session at $8.84, with a gain of 0.68% or 0.06 points. The heightened volatility saw the trading volume jump to 14,16,705 shares. Company has a market cap of $3,072 M.
In a different news, on Jun 1, 2016, Rebecca B Sandberg (General Counsel and Secretary) sold 6,488 shares at $8.48 per share price. According to the SEC, on Jun 1, 2016, Mary Kathryn Riskey (Chief Accounting Officer) sold 2,127 shares at $8.48 per share price. On Jun 1, 2016, Brad Farrell (CFO and Treasurer) sold 12,898 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.