Two Harbors Investments Corp (TWO) : Traders are bullish on Two Harbors Investments Corp (TWO) as it has outperformed the S&P 500 by a wide margin of 2.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.4% in the last 1 week, and is up 5.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Two Harbors Investments Corp (NYSE:TWO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.88 and $8.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.96, notching a gain of 1.36% for the day. The total traded volume was 2,118,533 . The stock had closed at $8.84 on the previous day.
The stock has recorded a 20-day Moving Average of 3.62% and the 50-Day Moving Average is 5.55%. Two Harbors Investment Corp. is up 11.5% in the last 3-month period. Year-to-Date the stock performance stands at 17.11%.
Two Harbors Investments Corp (TWO) : Currently there are 7 street experts covering Two Harbors Investments Corp (TWO) stock. The most bullish and bearish price target for the stock is $10 and $9 respectively for the short term. The average price target of all the analysts comes to $9.21. The estimated standard deviation from the target is $0.55.
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.