Maxim Group analyst Michael Diana maintained a Hold rating on Two Harbors (TWO) yesterday. The company’s shares closed last Tuesday at $6.95.
According to TipRanks.com, Diana is a 5-star analyst with an average return of 14.3% and a 55.7% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation, and Pennantpark Floating Rate.
Currently, the analyst consensus on Two Harbors is a Moderate Buy with an average price target of $7.69, a 10.6% upside from current levels. In a report issued on May 5, J.P. Morgan also maintained a Hold rating on the stock with a $7.50 price target.
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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 3.57M.
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.
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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.
