In a report issued on March 10, Eric Hagen from BTIG maintained a Hold rating on Two Harbors (TWO). The company’s shares closed last Thursday at $6.86.
According to TipRanks.com, Hagen is a 2-star analyst with an average return of 3.8% and a 75.8% success rate. Hagen covers the Financial sector, focusing on stocks such as New Residential Inv, Chimera Investment, and PennyMac Mortgage.
Currently, the analyst consensus on Two Harbors is a Moderate Buy with an average price target of $7.69, representing a 5.3% upside. In a report issued on February 26, Raymond James also maintained a Hold rating on the stock.
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The company has a one-year high of $7.89 and a one-year low of $3.82. Currently, Two Harbors has an average volume of 3.61M.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TWO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Two Harbors Investment Corp. is a real estate investment trust, which focuses on investing in, financing, and managing agency residential mortgage-backed securities, non-Agency securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. The company was founded on May 21, 2009 and is headquartered in New York, NY.
