Two Harbors Investment Corp. (NYSE:TWO) Insider Rebecca B. Sandberg Sells 3,785 Shares

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 3,785 shares of Two Harbors Investment stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.14, for a total transaction of $42,164.90. Following the sale, the insider now owns 152,378 shares in the company, valued at $1,697,490.92. This represents a 2.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Two Harbors Investment Trading Down 1.7 %

Shares of NYSE TWO traded down $0.19 during midday trading on Friday, hitting $11.09. The stock had a trading volume of 1,018,336 shares, 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. Two Harbors Investment Corp. has a fifty-two week low of $10.98 and a fifty-two week high of $14.27. The firm has a market cap of $1.15 billion, a P/E ratio of -2.30 and a beta of 1.83. The company’s 50-day simple moving average is $11.70 and its 200 day simple moving average is $12.81.

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 for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm 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 company earned ($0.01) earnings per share. Research analysts anticipate that Two Harbors Investment Corp. will post 0.47 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm 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 $0.45 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 16.23%. Two Harbors Investment’s payout ratio is presently -37.34%.

Analysts Set New Price Targets

TWO has been the topic of a number of recent research reports. Compass Point decreased their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. JMP Securities decreased their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. JPMorgan Chase & Co. decreased 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 raised Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada lowered their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. One 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. Based on data from MarketBeat, Two Harbors Investment currently has an average rating of “Hold” and a consensus price target of $13.71.

Institutional Trading of Two Harbors Investment

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,100 shares during the period. McIlrath & Eck LLC bought a new stake in Two Harbors Investment in the third quarter valued at about $64,000. Simplify Asset Management Inc. acquired a new position in Two Harbors Investment in the third quarter valued at about $134,000. AQR Capital Management LLC bought a new position in Two Harbors Investment during the second quarter worth about $147,000. Finally, QRG Capital Management Inc. grew its position in shares of Two Harbors Investment by 11.3% during the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 1,230 shares during the period. Institutional investors and hedge funds 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.