Two Harbors Investment Corp. (NYSE:TWO) CIO Sells $64,713.36 in Stock

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 5,737 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total value of $64,713.36. Following the completion of the sale, the executive now owns 168,935 shares of the company’s stock, valued at $1,905,586.80. The trade was a 3.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, January 10th, Nicholas Letica sold 6,040 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.13, for a total value of $67,225.20.
• 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 Harbors Investment stock opened at $11.84 on Friday. The firm has a 50-day moving average of $11.69 and a two-hundred day moving average of $12.75. Two Harbors Investment Corp. has a 1 year low of $10.84 and a 1 year high of $14.27. 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 (NYSE:TWO) last announced 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). The firm had revenue of $112.64 million during 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 quarter in the prior year, the business posted ($0.01) earnings per share. Equities analysts anticipate that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders 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 15.21%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment’s payout ratio is -37.34%.

Institutional Investors Weigh In On Two Harbors Investment

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Two Harbors Investment by 1,680.0% during the second 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 in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment in the 3rd quarter valued at $64,000. Simplify Asset Management Inc. purchased a new position in shares of Two Harbors Investment in the 3rd quarter valued at $134,000. AQR Capital Management LLC purchased a new stake in shares of Two Harbors Investment during the 2nd quarter worth $147,000. Finally, QRG Capital Management Inc. lifted its stake 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 purchasing an additional 1,230 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

Analyst Ratings Changes

TWO has been the subject of several research analyst reports. Royal Bank of Canada cut their target price on shares of 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. JPMorgan Chase & Co. reduced their target price on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Compass Point dropped their price target on 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. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. Finally, JMP Securities cut 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 report on Thursday, October 17th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.71.

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.