Keefe, Bruyette & Woods Starts Two Harbors Investment (TWO) at Outperform; A Versatile Investor in RMBS

Keefe, Bruyette & Woods initiates coverage on Two Harbors Investment (NYSE: TWO) with a Outperform. PT $11.50.

KBW analyst says, "Two Harbors is a hybrid residential mortgage REIT which formed in October 2009. TWO invests in both Agency and non-Agency MBS and has put together a strong track record. We believe that the combination of a strong management team and a relatively small asset base will allow it to continue generating attractive returns. The shares are trading at 1.07x our estimated book value."

For more ratings news on Two Harbors Investment click here and for the rating history of Two Harbors Investment click here.

Shares of Two Harbors Investment closed at $10.45 yesterday.

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