Barclays Reiterates an 'Overweight' on Two Harbors Investment (TWO); Management Meetings Reinforce Bullish View

Barclays reiterates an 'Overweight' on Two Harbors Investment (NYSE: TWO) price target of $11.00.

Barclays analyst says, "We hosted meetings with Co-CIO Bill Roth and Head of IR Christine Battist on Wednesday on the heels of recent market volatility in the sector that we believe has left the shares of mortgage REITs like TWO mispriced. The takeaways of the meetings reinforced our view that the stock is poised to outperform in both the short and long term. With the stock trading at only 0.91x book and 18% dividend yield, we believe it represents an attractive total return opportunity and reiterate our rating."

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 $8.88 yesterday.

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