Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm Sells 821 Shares

Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm sold 821 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $12.98, for a total value of $10,656.58. Following the completion of the sale, the chief accounting officer now directly owns 9,772 shares of the company’s stock, valued at $126,840.56. The trade was a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, January 14th, Jillian Halm sold 1,030 shares of Two Harbors Investment stock. The stock was sold at an average price of $11.23, for a total transaction of $11,566.90.
• 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 Price Performance

Shares of NYSE TWO opened at $13.26 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $11.91 and a two-hundred day simple moving average of $12.61. Two Harbors Investment Corp. has a 1-year low of $10.84 and a 1-year high of $14.27. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 6.28 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 13.58%. Two Harbors Investment’s payout ratio is 85.31%.

Institutional Trading of Two Harbors Investment

Institutional investors have recently modified their holdings of the business. Phocas Financial Corp. bought a new position in Two Harbors Investment in the 3rd quarter worth about $3,505,000. Geode Capital Management LLC lifted 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 worth $33,885,000 after buying an additional 48,264 shares in the last quarter. Barclays PLC boosted its position in shares of Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after acquiring an additional 133,869 shares during the period. International Assets Investment Management LLC grew its stake in Two Harbors Investment by 1,392.7% during the third 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 acquiring an additional 180,516 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Two Harbors Investment during the 3rd quarter worth approximately $217,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TWO. Compass Point reduced 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. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Royal Bank of Canada decreased their price target on 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. JPMorgan Chase & Co. boosted their price objective on Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.79.

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.