JMP Securities analyst Trevor Cranston reiterated a Buy rating on Two Harbors (NYSE:TWO) on Tuesday, setting a price target of $7, which is approximately 8.70% above the present share price of $6.44.
Cranston expects Two Harbors to post earnings per share (EPS) of -$0.48 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Two Harbors, with an average price target of $7.33.
The analysts price targets range from a high of $7.5 to a low of $7.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of -$120.4 million and a net profit of $0. The company's market cap is $2.02 billion.
According to TipRanks.com, JMP Securities analyst Trevor Cranston is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 15.2% and a 72.34% success rate.
Two Harbors Investment Corp . is a real estate investment trust, which focuses on investing in, financing, and managing agency residential mortgage-backed securities, non-Agency securities, mortgage servicing rights, 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. The company was founded on May 21, 2009 and is headquartered in New York, NY.