KBW analyst Bose George reiterated a rating on Two Harbors (NYSE: TWO) on July 28 and set a price target of . The company’s shares closed on Friday at $9.81.
Two Harbors has an analyst consensus of Strong Buy, with a price target consensus of $10.06.
Based on Two Harbors’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $203 million and quarterly net profit of $71.99 million. In comparison, last year the company earned revenue of $67.52 million and had a GAAP net loss of $16.98 million.
Two Harbors Investment Corp. is a real estate investment trust, which invests in residential mortgage-backed securities, residential mortgage loans and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.