Two Harbors Investment Corp. (NYSE:TWO) CAO Sells $11,566.90 in Stock

Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm sold 1,030 shares of Two Harbors Investment stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.23, for a total transaction of $11,566.90. Following the completion of the transaction, the chief accounting officer now directly owns 10,593 shares of the company’s stock, valued at $118,959.39. The trade was a 8.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jillian Halm also recently made the following trade(s):

• On Wednesday, January 8th, Jillian Halm sold 481 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.31, for a total value of $5,440.11.

Two Harbors Investment Trading Up 2.6 %

Shares of Two Harbors Investment stock traded up $0.29 during mid-day trading on Wednesday, hitting $11.63. The stock had a trading volume of 848,631 shares, compared to its average volume of 1,355,103. The firm has a market cap of $1.21 billion, a P/E ratio of -2.41 and a beta of 1.83. 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 50-day moving average of $11.69 and a two-hundred day moving average of $12.76. Two Harbors Investment Corp. has a 12-month low of $10.84 and a 12-month high of $14.27.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). The business 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 period last year, the firm earned ($0.01) EPS. Sell-side analysts forecast that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.48%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s payout ratio is -37.34%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in shares of 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 valued at $73,303,000 after acquiring an additional 84,038 shares during the period. State Street Corp boosted its position in shares of Two Harbors Investment by 2.7% during 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 buying an additional 102,294 shares during the period. Geode Capital Management LLC grew its stake in shares of Two Harbors Investment by 2.0% in 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 buying an additional 48,264 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Two Harbors Investment by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock valued at $20,605,000 after buying an additional 33,852 shares during the period. Finally, Rhumbline Advisers lifted its stake in Two Harbors Investment by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock worth $4,106,000 after acquiring an additional 3,408 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Compass Point lowered their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. JMP Securities dropped their target price 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. 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 for the company in a research report on Friday, November 1st. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Two Harbors Investment has an average rating of “Hold” and a consensus price target of $13.71.

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.