Two Harbors Investment Corp. (NYSE:TWO) Insider Sells 3,014 Shares

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 3,014 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total transaction of $33,877.36. Following the completion of the transaction, the insider now owns 149,364 shares of the company’s stock, valued at $1,678,851.36. This represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Two Harbors Investment Stock Up 1.1 %

NYSE TWO opened at $11.96 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average price is $11.69 and its 200 day moving average price is $12.74. Two Harbors Investment Corp. has a 1 year low of $10.84 and a 1 year high of $14.27.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The firm had revenue of $112.64 million during the quarter. During the same quarter in the previous year, the company earned ($0.01) earnings per share. As a group, analysts anticipate that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 15.06%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment’s payout ratio is -37.34%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. Compass Point reduced their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. JPMorgan Chase & Co. lowered their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Finally, JMP Securities decreased their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.71.

Institutional Trading of Two Harbors Investment

Several large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its position in Two Harbors Investment by 97.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust’s stock valued at $687,000 after purchasing an additional 28,607 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Two Harbors Investment by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock valued at $3,583,000 after buying an additional 3,391 shares during the last quarter. McIlrath & Eck LLC acquired a new position in shares of Two Harbors Investment in the 3rd quarter valued at about $64,000. Geode Capital Management LLC boosted its stake in shares of Two Harbors Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after buying an additional 48,264 shares during the last quarter. Finally, Barclays PLC grew its holdings in Two Harbors Investment by 346.0% during the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after acquiring an additional 133,869 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

About Two Harbors Investment

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.