Citizens JMP has revised its price target for TwoHarbors (TWO, Financial), a company focused on agency and hybrid/credit mortgage REITs, lowering it to $13.50 from the previous $14. Despite this adjustment, the firm maintains an Outperform rating on the stock.
This revision is part of a broader recalibration of price targets for several mortgage REITs in preparation for the upcoming Q1 earnings season. The adjustments come as the residential mortgage REIT earnings are set to be announced, with the season commencing before the market opens on Monday, April 21.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Two Harbors Investment Corp (TWO, Financial) is $13.85 with a high estimate of $15.00 and a low estimate of $12.00. The average target implies an upside of 28.12% from the current price of $10.81. More detailed estimate data can be found on the Two Harbors Investment Corp (TWO) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Two Harbors Investment Corp's (TWO, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
