Maxim Group Remains a Hold on Two Harbors (TWO)

By Austin Angelo

Maxim Group analyst Michael Diana maintained a Hold rating on Two Harbors (TWOResearch Report) yesterday. The company’s shares closed last Monday at $5.82.

According to TipRanks.com, Diana ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -2.9% and a 49.0% success rate. Diana covers the Financial sector, focusing on stocks such as First Eagle Alternative Capital BDC, First Savings Financial Group, and Arlington Asset Investment.

Two Harbors has an analyst consensus of Moderate Buy, with a price target consensus of $6.00, which is a 9.1% upside from current levels. In a report issued on July 28, J.P. Morgan also downgraded the stock to Hold with a $5.50 price target.

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Based on Two Harbors’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.87 billion. In comparison, last year the company had a GAAP net loss of $90.56 million.

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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.