JPMorgan Raises Price Target for Two Harbors Investment Corp. to $10, Maintains Overweight Rating

JPMorgan maintains an Overweight rating on Two Harbors Investment Corp. (NYSE:TWO) with a $10 price target. The firm's uncertainty around interest rates is diminishing, but inflation remains a risk. Two Harbors' portfolio includes $9.1 billion of Agency RMBS, MSR, and other investment securities. The company offers a quarterly dividend of $0.34 per share and has a dividend yield of 13.85%.