Two Harbors Investment Corp. (NYSE:TWO) Insider Sells $33,877.36 in Stock

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 3,014 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total value of $33,877.36. Following the completion of the transaction, the insider now owns 149,364 shares in the company, valued at approximately $1,678,851.36. This trade represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Two Harbors Investment Trading Up 1.8 %

Two Harbors Investment stock opened at $11.84 on Friday. Two Harbors Investment Corp. has a 12-month low of $10.84 and a 12-month high of $14.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $11.69 and its 200 day moving average price is $12.75.

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

Two Harbors Investment Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 15.21%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s payout ratio is -37.34%.

Institutional Trading of Two Harbors Investment

A number of hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. raised its holdings in 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 acquiring an additional 1,230 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,100 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Two Harbors Investment by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock worth $677,000 after purchasing an additional 2,241 shares during the last quarter. Arizona State Retirement System grew its stake in Two Harbors Investment by 9.5% in the second quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock worth $382,000 after purchasing an additional 2,519 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Two Harbors Investment by 1.3% in the third 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. Institutional investors and hedge funds own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

TWO has been the subject of a number of research analyst reports. 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. Royal Bank of Canada dropped their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Compass Point reduced their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.