Nicholas Letica Sells 3,956 Shares of Two Harbors Investment Corp. (NYSE:TWO) Stock

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 3,956 shares of Two Harbors Investment stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the transaction, the executive now directly owns 180,712 shares of the company’s stock, valued at $2,025,781.52. The trade was a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nicholas Letica also recently made the following trade(s):

• On Friday, January 10th, Nicholas Letica sold 6,040 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.13, for a total value of $67,225.20.

Two Harbors Investment Stock Performance

Two Harbors Investment stock traded down $0.19 during mid-day trading on Friday, reaching $11.09. 1,018,336 shares of the company traded hands, compared to its average volume of 1,484,618. 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 firm’s fifty day moving average is $11.70 and its two-hundred day moving average is $12.81. Two Harbors Investment Corp. has a fifty-two week low of $10.98 and a fifty-two week high of $14.27. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.30 and a beta of 1.83.

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 (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $112.64 million during 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 period last year, the firm posted ($0.01) EPS. On average, equities research analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share 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 paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 16.23%. Two Harbors Investment’s payout ratio is currently -37.34%.

Analysts Set New Price Targets

A number of analysts recently weighed in on TWO shares. Compass Point reduced their price objective on shares of 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. decreased their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. JMP Securities lowered their target price on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada cut their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com raised Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.71.

Hedge Funds Weigh In On Two Harbors Investment

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in Two Harbors Investment by 1.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock valued at $73,303,000 after buying an additional 84,038 shares in the last quarter. State Street Corp boosted its stake in shares of Two Harbors Investment by 2.7% during the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after acquiring an additional 102,294 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Two Harbors Investment by 2.0% during the 3rd 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 acquiring an additional 48,264 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Two Harbors Investment by 2.3% in the 3rd 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 in the last quarter. Finally, Rhumbline Advisers raised its holdings in Two Harbors Investment by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock worth $4,106,000 after purchasing an additional 3,408 shares during the period. Institutional investors and hedge funds 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.