Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica Sells 6,040 Shares

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 6,040 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the sale, the executive now owns 174,672 shares in the company, valued at approximately $1,944,099.36. The trade was a 3.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, January 8th, Nicholas Letica sold 3,956 shares of Two Harbors Investment stock. The stock was sold at an average price of $11.21, for a total value of $44,346.76.

Two Harbors Investment Price Performance

TWO stock opened at $11.09 on Monday. The company has a market capitalization of $1.15 billion, a P/E ratio of -2.30 and a beta of 1.83. Two Harbors Investment Corp. has a 52-week low of $10.98 and a 52-week high of $14.27. The business has a 50-day simple moving average of $11.70 and a two-hundred day simple moving average of $12.79. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results 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 company 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 in the prior year, the business earned ($0.01) EPS. Research analysts expect that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Two Harbors Investment by 1.1% during the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock valued at $4,106,000 after acquiring an additional 3,408 shares during the last quarter. Arizona State Retirement System grew its stake in Two Harbors Investment by 9.5% in the 2nd quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 2,519 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Two Harbors Investment during the 2nd quarter valued at $192,000. Intech Investment Management LLC bought a new stake in shares of Two Harbors Investment during the 2nd quarter worth $180,000. Finally, Sei Investments Co. grew its position in Two Harbors Investment by 21.0% during the second quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 20,403 shares during the period. Hedge funds and other institutional investors 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.