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 stock in a transaction on Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the transaction, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Two Harbors Investment Trading Down 1.3 %

NYSE TWO opened at $13.11 on Thursday. The stock has a 50-day moving average of $11.94 and a 200-day moving average of $12.61. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. Two Harbors Investment Corp. has a 1-year low of $10.84 and a 1-year high of $14.27. The firm has a market cap of $1.36 billion, a PE ratio of 6.21 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data 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%. As a group, sell-side analysts forecast that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. JMP Securities reiterated a “market outperform” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a report on Thursday, January 23rd. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Compass Point cut their target price 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. Finally, Royal Bank of Canada reduced their price target on shares of 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.79.

Hedge Funds Weigh In On Two Harbors Investment

A number of hedge funds have recently modified their holdings of TWO. AQR Capital Management LLC purchased a new stake in shares of Two Harbors Investment during the second quarter worth about $147,000. The Manufacturers Life Insurance Company grew its position in shares of Two Harbors Investment by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 2,241 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased 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 buying an additional 2,100 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of Two Harbors Investment by 12.7% during the third quarter. Handelsbanken Fonder AB now owns 31,149 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Teamwork Financial Advisors LLC purchased a new stake in Two Harbors Investment in the third quarter worth $173,000. 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.