Another Masterstroke From Two Harbors Investment Corp. (TWO), Rexford Industrial Realty, Inc. (REXR)

A look at TWO technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 62.92 point. Its trading volume has lost -461010 shares compared to readings over the past three months as it recently exchanged 1738990 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2200000 shares, and this is 0.79 times the normal volume.

Two Harbors Investment Corp. (NYSE:TWO) dipped by -1.05% over the past three months which led to its overall six-month decrease to stand at -10.23%. The equity price rose 1.8% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 1% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -9.71% and is now up by 10.05% since start of this year.

The shares of Two Harbors Investment Corp. dropped by -13.15% or -$2.14 from its last recorded high of $16.27 which it attained on June 26 to close at $14.13 per share. Over the past 52 weeks, the shares of Two Harbors Investment Corp. has been trading as low as $12.63 before witnessing a massive surge by 11.88% or $1.5. This price movement has led to the TWO stock receiving more attention and has become one to watch out for. It jumped by 0.36% on Thursday and this got the market excited. The stock’s beta now stands at 0.61 and when compared to its 200-day moving average and its 50-day moving average, TWO price stands -4.61% below and 0.97% above respectively. Its average daily volatility for this week is 0.77% which is less than the 0.87% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Two Harbors Investment Corp. (TWO) with most of them predicting a $14.57 price target on a short-term (12 months) basis. The average price target by the analysts will see a 3.11% rise in the stock and would lead to TWO’s market cap to surge to $3.65B. The stock has been rated an average 2.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 7 analysts that track Two Harbors Investment Corp. (NYSE:TWO) and find out that 1 of them rated it as a Hold. 6 of the 6 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Rexford Industrial Realty, Inc. (NYSE:REXR) currently stands at $35.27 after it went up by $0.22 or 0.63% and has found a strong support at $35.02 a share. If the REXR price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $34.76 mark would also be bad for the stock as it means that the stock would plunge by 1.45% from its current position. However, if the stock price is able to trade above the resistance point around $35.47, then it could likely surge higher to try and break the upward resistance which stands at $35.66 a share. Its average daily volatility over the past one month stands at 1.54%. The stock has plunged by 0.88% from its 52-weeks high of $34.96 which it reached on Feb. 13, 2019. In general, it is 21.24% above its 52-weeks lowest point which stands at $27.78 and this setback was observed on Apr. 13, 2018.

Analysts have predicted a price target for Rexford Industrial Realty, Inc. (REXR) for 1 year and it stands at an average $36.88/share. This means that it would likely increase by 4.56% from its current position. The current price of the stock has been moving between $34.96 and $35.41. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $34. On the other hand, one analyst is super bullish about the price, setting a target as high as $40.

The REXR stock Stochastic Oscillator (%D) is at 80.58%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 16.05 which compares to the 11.66 recorded by the industry or the 10.69 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 112.68, which is higher than the 84.78 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 25.7% over the past five years.

Analysts view Rexford Industrial Realty, Inc. (NYSE:REXR) as a Hold, with 2.1 consensus rating. Reuters surveyed 8 analysts that follow REXR and found that 4 of those analysts rated the stock as a Hold. The remaining 4 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Rexford Industrial Realty, Inc. (REXR) shares or sell it if they already own it.