Editor’s Note: Two Harbors Investment Corp (NYSE:TWO), Invesco Mortgage Capital Inc (NYSE:IVR), Hatteras Financial Corp. (NYSE:HTS)
Two Harbors Investment Corp. Upgraded to Buy by Ladenburg Thalmann (TWO) (The Utah People’s Post)
Ladenburg Thalmann upgraded shares of Two Harbors Investment Corp. from a neutral rating to a buy rating in a report released on Wednesday, TheFlyOnTheWall.com reports. Ladenburg Thalmann currently has $11.25 price objective on the stock. The analysts noted that the move was a valuation call. A number of other analysts have also recently weighed in on TWO. Analysts at Zacks downgraded shares of Two Harbors Investment Corp (NYSE:TWO) from a neutral rating to an underperform rating in a research note to investors on Monday, August 12th. They now have a $9.30 price target on the stock.
Eurozone property at ‘low point of cycle’ says Invesco (Pension Funds Online)
The real estate investing arm of Invesco Ltd. (NYSE:IVZ) has said that pension funds can benefit from strong long-term return prospects in depressed Eurozone property markets such as Spain. Simon Redman, Invesco Real Estate’s head of product management in Europe told a London press conference that in a number of markets “compelling opportunities are available as we’ve reached the low point of the cycle.” Redman argues that “it is political uncertainty rather than economics which is holding back markets.” He says that if a solution to the region’s public debt problems can be reached over the next few years, a host of companies can take advantage of a cautious approach in recent years to invest savings and expand, driving up commercial property prices and rents in the process.
Getting Real with the High-Speed Traders | Where the Money Is – 8/23/13 (The Motley Fool)
This Mortgage REIT Is Living Dangerously on the Edge (DailyFinance)
The second quarter saw a sharp spike in interest rates, which caused havoc in the mortgage REIT sector. As inevitable book value losses became the norm, it became a question of which mREIT could get away with the least damage. Hatteras Financial Corp. (NYSE:HTS) was one of the worst performers during the period despite following a relatively conservative strategy of investing mostly in adjustable-rate mortgage (ARM) mortgage-backed securities, as opposed to fixed-rate 30-year MBSes that can often carry a larger interest rate risk.
Stocks to Watch – Two Harbors Investment Corp (NYSE:TWO), Materials Select Sector SPDR (NYSEARCA:XLB), Radian Group Inc (NYSE:RDN), Market Vectors Oil Services ETF (NYSEARCA:OIH) (SBWire)
Two Harbors Investment Corp (NYSE:TWO) ended higher 1.79% and complete the day at $9.66. The total number of shares changed hands during the day was 4.12 million. After opening at $9.55, the stock hit as high as $9.70. However, it traded between $8.95 and $14.02 over the last twelve months. Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential mortgage loans, residential real properties, and other financial assets.
