Market Overview

UPDATE: Deutsche Bank Initiates Coverage on Two Harbors Investment Corp. with Buy Rating, $12.75 PT

Share:
Related TWO
Benzinga's Top Upgrades, Downgrades For July 5, 2017
This Week's REIT-Heavy IPOs

In a report published Friday, Deutsche Bank initiated coverage on Two Harbors Investment Corp. (NYSE: TWO) with a Buy rating and $12.75 price target.

Deutsche Bank noted, “We expect TWO to continue generating attractive ROEs and post earnings growth in 2013 as it benefits from less prepayment-sensitive agency assets, an increasing mix of non-agency assets, income from Silver Bay, and new investments in whole loans, which we believe is likely to lead to securitizations next year. Given the attractive valuation and our return expectations, we are initiating coverage with a Buy and a target of $12.75 per share.”

Two Harbors Investment Corp. closed on Thursday at $11.59.

Latest Ratings for TWO

DateFirmActionFromTo
Apr 2017Wells FargoDowngradesOutperformMarket Perform
Nov 2016Wells FargoUpgradesMarket PerformOutperform
Sep 2016FBR CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for TWO
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Analyst Ratings

 

Related Articles (TWO)

View Comments and Join the Discussion!