Insider Selling: 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 Two Harbors Investment stock in a transaction that occurred on Wednesday, January 8th. The shares were 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 approximately $1,750,587.23. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Two Harbors Investment Trading Down 1.7 %

Shares of NYSE TWO opened at $11.09 on Monday. The firm’s 50 day moving average price is $11.70 and its 200-day moving average price is $12.79. Two Harbors Investment Corp. has a 52-week low of $10.98 and a 52-week high of $14.27. 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 company has a market cap of $1.15 billion, a PE ratio of -2.30 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last released 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 negative net margin of 87.84% and a positive return on equity of 4.45%. The business had revenue of $112.64 million during the quarter. During the same quarter in the previous year, the business earned ($0.01) earnings per share. On average, equities research analysts expect that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TWO shares. JPMorgan Chase & Co. dropped their price target on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. JMP Securities decreased their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note 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 on the stock in a research note on Friday, November 1st. Finally, Compass Point decreased their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Two Harbors Investment has a consensus rating of “Hold” and a consensus price target of $13.71.

Hedge Funds Weigh In On Two Harbors Investment

A number of hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 valued at $73,303,000 after acquiring an additional 84,038 shares during the last quarter. State Street Corp boosted its holdings in 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 worth $53,814,000 after purchasing an additional 102,294 shares during the last quarter. Geode Capital Management LLC grew its position in Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after purchasing an additional 48,264 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Two Harbors Investment by 2.3% during 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 buying an additional 33,852 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Two Harbors Investment by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock valued at $4,106,000 after buying an additional 3,408 shares during the last quarter. Hedge funds and other 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.