Jillian Halm Sells 1,030 Shares of Two Harbors Investment Corp. (NYSE:TWO) Stock

Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm sold 1,030 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $11.23, for a total transaction of $11,566.90. Following the transaction, the chief accounting officer now directly owns 10,593 shares in the company, valued at $118,959.39. The trade was a 8.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jillian Halm also recently made the following trade(s):

• On Wednesday, January 8th, Jillian Halm sold 481 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.31, for a total transaction of $5,440.11.

Two Harbors Investment Stock Performance

NYSE:TWO opened at $11.63 on Thursday. Two Harbors Investment Corp. has a 12 month low of $10.84 and a 12 month high of $14.27. The company’s 50 day moving average is $11.69 and its 200-day moving average is $12.76. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07.

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

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 15.48%. Two Harbors Investment’s payout ratio is -37.34%.

Institutional Trading of Two Harbors Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 2,100 shares during the period. McIlrath & Eck LLC acquired a new stake in Two Harbors Investment in the 3rd quarter worth $64,000. Simplify Asset Management Inc. bought a new position in shares of Two Harbors Investment during the 3rd quarter worth about $134,000. AQR Capital Management LLC acquired a new position in shares of Two Harbors Investment during the second quarter valued at about $147,000. Finally, QRG Capital Management Inc. lifted its stake in shares of Two Harbors Investment by 11.3% in the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 1,230 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Analysts Set New Price Targets

TWO has been the subject of several recent research reports. Royal Bank of Canada cut their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. StockNews.com raised Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. Compass Point dropped their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. JPMorgan Chase & Co. cut their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, JMP Securities dropped their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.71.

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.