Two Harbors Investment Corp with ticker code (TWO) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 19 and 14.5 and has a mean target at $16.79. Given that the stocks previous close was at $13.93 this would indicate that there is a potential upside of 20.5%. The day 50 moving average is $14.68 and the 200 day MA is $16.51. The company has a market cap of $1,327m. Company Website: https://www.twoharborsinvestment.com
The potential market cap would be $1,600m based on the market consensus.
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.
The company has a dividend yield of 17.48% with the ex dividend date set at 3-4-2023 (DMY).
Other points of data to note are a P/E ratio of 6.45, revenue per share of 0.91 and a 1.72% return on assets.
