Two Harbors Investment Corp with ticker code (TWO) have now 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 19 and 16 and has a mean target at $17.50. Now with the previous closing price of $14.31 this indicates there is a potential upside of 22.3%. There is a 50 day moving average of $16.71 and the 200 day moving average is $17.37. The company has a market capitalization of $1,324m. Find out more information at: https://www.twoharborsinvestment.com
The potential market cap would be $1,619m based on the market consensus.
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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 16.77% with the ex dividend date set at 4-1-2023 (DMY).
Other points of data to note are a P/E ratio of 6.72, revenue per share of 0.91 and a 1.72% return on assets.