Rebecca B. Sandberg Sells 2,561 Shares of Two Harbors Investment Corp. (NYSE:TWO) Stock

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 2,561 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the transaction, the insider now owns 146,803 shares in the company, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Two Harbors Investment Stock Down 1.3 %

NYSE:TWO opened at $13.11 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The firm has a market cap of $1.36 billion, a P/E ratio of 6.21 and a beta of 1.84. Two Harbors Investment Corp. has a fifty-two week low of $10.84 and a fifty-two week high of $14.27. The firm has a 50-day simple moving average of $11.94 and a two-hundred day simple moving average of $12.61.

Two Harbors Investment (NYSE:TWO) last announced 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 net margin of 66.24% and a return on equity of 6.52%. Analysts predict that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.73%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s payout ratio is currently 85.31%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TWO shares. Royal Bank of Canada dropped their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Compass Point dropped their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. JPMorgan Chase & Co. increased their price target on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. JMP Securities reissued a “market outperform” rating and set a $14.00 price objective on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.79.

Institutional Investors Weigh In On Two Harbors Investment

Several institutional investors have recently modified their holdings of TWO. Northwestern Mutual Wealth Management Co. lifted its stake in Two Harbors Investment by 1,680.0% during 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 acquiring an additional 2,100 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in shares of Two Harbors Investment during the fourth quarter valued at approximately $40,000. McIlrath & Eck LLC bought a new position in Two Harbors Investment during the third quarter valued at approximately $64,000. KBC Group NV boosted its holdings in Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 3,077 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in Two Harbors Investment in the 4th quarter worth approximately $130,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

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.