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

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 3,785 shares of Two Harbors Investment stock in a transaction that occurred 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 completion of the transaction, the insider now owns 152,378 shares in the company, valued at approximately $1,697,490.92. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Two Harbors Investment Stock Down 1.7 %

Shares of TWO stock traded down $0.19 during trading on Friday, hitting $11.09. 1,018,336 shares of the company were exchanged, compared to its average volume of 1,484,618. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.30 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50-day simple moving average is $11.70 and its 200 day simple moving average is $12.81. Two Harbors Investment Corp. has a twelve month low of $10.98 and a twelve month high of $14.27.

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

Two Harbors Investment Dividend Announcement

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

Analysts Set New Price Targets

TWO has been the topic of a number of recent research reports. JMP Securities decreased their target price on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada cut their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. decreased 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 report on Wednesday, October 30th. Compass Point cut their price target 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. Finally, StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. One 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. According to MarketBeat, Two Harbors Investment has a consensus rating of “Hold” and a consensus price target of $13.71.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TWO. Allspring Global Investments Holdings LLC lifted its holdings in Two Harbors Investment by 1.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock worth $73,303,000 after purchasing an additional 84,038 shares during the last quarter. State Street Corp increased its stake in shares of 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 period. Geode Capital Management LLC grew its holdings in Two Harbors Investment by 2.0% in the 3rd 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 buying an additional 48,264 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Two Harbors Investment by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock worth $20,605,000 after buying an additional 33,852 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Two Harbors Investment by 1.1% in the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock valued at $4,106,000 after acquiring an additional 3,408 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.