Two Harbors Investment Corp with ticker code (TWO) have now 7 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 19 and 16 suggesting an average Analsyt target price of $17.50. Given that the stocks previous close was at $13.82 and the analysts are correct then we can expect a percentage increase in value of 26.6%. The day 50 moving average is $15.43 and the 200 day moving average is $16.81. The total market capitalization for the company now stands at $1,320m. Find out more information at: https://www.twoharborsinvestment.com
The potential market cap would be $1,672m 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 17.57% with the ex dividend date set at 3-4-2023 (DMY).
Other points of data to note are a P/E ratio of 6.41, revenue per share of 0.91 and a 1.72% return on assets.
