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

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

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 transaction of $44,346.76.

Two Harbors Investment Price Performance

Shares of NYSE:TWO opened at $11.09 on Friday. The stock’s 50 day moving average is $11.70 and its 200-day moving average is $12.80. Two Harbors Investment Corp. has a twelve month low of $10.98 and a twelve month high of $14.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.30 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The company had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same period in the prior year, the business earned ($0.01) EPS. Sell-side analysts forecast that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 16.23%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s payout ratio is currently -37.34%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TWO. JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Compass Point dropped their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. Royal Bank of Canada decreased 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. JMP Securities dropped their price target on 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. Finally, StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Two Harbors Investment currently has an average rating of “Hold” and an average target price of $13.71.

Institutional Trading of Two Harbors Investment

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Two Harbors Investment by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock worth $3,583,000 after purchasing an additional 3,391 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment in the 3rd quarter worth approximately $64,000. Geode Capital Management LLC increased its position in shares of Two Harbors Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after acquiring an additional 48,264 shares during the last quarter. Barclays PLC lifted its holdings in Two Harbors Investment by 346.0% during the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after acquiring an additional 133,869 shares during the period. Finally, State Street Corp boosted its position 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. 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.