Two Harbors Investments Corp (TWO) has risen sharply, recording gains of 0.91% in the past 4 weeks. However, the stock has corrected -1.67% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.13% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.02% and the fifty day Moving Average is 1.66%. Two Harbors Investment Corp. is up 6.65% in the last three month period. Year-to-Date the stock performance stands at 15.41%.
Two Harbors Investments Corp (TWO) : The highest level Two Harbors Investments Corp (TWO) is projected to reach is $10 for the short term and the lowest estimate is at $9. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $9.41 and the possibility the share price can swing is $0.46.
Two Harbors Investments Corp (NYSE:TWO): On Fridays trading session , Opening price of the stock was $8.96 with an intraday high of $8.995. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.79. However, the stock managed to close at $8.83, a loss of 1.34% for the day. On the previous day, the stock had closed at $8.95. The total traded volume of the day was 2,576,443 shares.
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.