Two Harbors Investment Corp. (NYSE:TWO) Insider Sells $56,330.25 in Stock

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 5,025 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the transaction, the insider now directly owns 156,163 shares of the company’s stock, valued at approximately $1,750,587.23. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Two Harbors Investment Stock Down 1.7 %

Two Harbors Investment stock opened at $11.09 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $1.15 billion, a PE ratio of -2.30 and a beta of 1.83. Two Harbors Investment Corp. has a twelve month low of $10.98 and a twelve month high of $14.27. The firm’s 50 day moving average price is $11.70 and its two-hundred day moving average price is $12.80.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (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 for the quarter. During the same period in the prior year, the company posted ($0.01) earnings per share. On average, research analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 16.23%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s payout ratio is presently -37.34%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in Two Harbors Investment by 1.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock worth $73,303,000 after acquiring an additional 84,038 shares during the last quarter. State Street Corp raised its holdings in shares of Two Harbors Investment by 2.7% in the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock valued at $53,814,000 after purchasing an additional 102,294 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 valued at $33,885,000 after purchasing an additional 48,264 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Two Harbors Investment by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock valued at $20,605,000 after purchasing an additional 33,852 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Two Harbors Investment by 1.1% in the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock valued at $4,106,000 after purchasing an additional 3,408 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

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.