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 firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $56,330.25. Following the sale, the insider now directly owns 156,163 shares in the company, valued at $1,750,587.23. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Two Harbors Investment Stock Performance

Shares of TWO opened at $11.09 on Friday. The stock 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 Corp. has a 12 month low of $10.98 and a 12 month high of $14.27. The firm has a fifty day simple moving average of $11.70 and a 200 day simple moving average of $12.79. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 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 period last year, the company posted ($0.01) EPS. Research analysts forecast that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JMP Securities lowered their price target 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 dropped their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. Compass Point dropped 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 report on Monday, November 25th. Finally, JPMorgan Chase & Co. reduced 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 note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.71.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Phocas Financial Corp. bought a new stake in Two Harbors Investment during the third quarter worth $3,505,000. International Assets Investment Management LLC raised its holdings in shares of Two Harbors Investment by 1,392.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock valued at $2,685,000 after purchasing an additional 180,516 shares during the period. Barclays PLC lifted its stake in Two Harbors Investment by 346.0% in the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after purchasing an additional 133,869 shares during the last quarter. State Street Corp grew its holdings in Two Harbors Investment by 2.7% during the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after purchasing an additional 102,294 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Two Harbors Investment by 1.6% during the third 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 buying an additional 84,038 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Company Profile

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.