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UPDATE: Credit Suisse Reiterates On Two Harbors Investment As Risk/Reward Is Still Favorable

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In a report published Tuesday, Credit Suisse analyst Douglas Harter reiterated an Outperform rating on Two Harbors Investment Corp. (NYSE: TWO), and raised the price target from $11.00 to $11.50.

In the report, Credit Suisse noted, “The first part of 2014 has been favorable to the mortgage REIT sector, both in terms of rates and spreads. While we expect the environment to turn less favorable over the next 12 months with rising rates and widening Agency spreads we think the discounts to book value reflect this expectation. The majority of the expected return from the sector will come from the 11% dividend yield, which we find attractive in the persistent low rate environment.”

Two Harbors Investment closed on Friday at $10.50.

Latest Ratings for TWO

DateFirmActionFromTo
Jan 2021JMP SecuritiesMaintainsMarket Outperform
Dec 2020Keefe, Bruyette & WoodsDowngradesOutperformMarket Perform
Dec 2020BarclaysDowngradesOverweightEqual-Weight

View More Analyst Ratings for TWO
View the Latest Analyst Ratings

 

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Posted-In: Credit Suisse Douglas HarterAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
FOEGabelli & Co.Downgrades
ACMCredit SuisseMaintains67.0
PRUCredit SuisseMaintains125.0
TDGCredit SuisseMaintains660.0
IIIBarrington ResearchUpgrades7.0
View the Latest Analytics Ratings
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