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

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 3,785 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.14, for a total value of $42,164.90. Following the completion of the sale, the insider now owns 152,378 shares in the company, valued at $1,697,490.92. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Two Harbors Investment Price Performance

Two Harbors Investment stock opened at $11.09 on Friday. The business’s 50-day simple moving average is $11.70 and its 200 day simple moving average is $12.80. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -2.30 and a beta of 1.83. Two Harbors Investment Corp. has a 12-month low of $10.98 and a 12-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.

Two Harbors Investment (NYSE:TWO) last issued its 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). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The company had revenue of $112.64 million for the quarter. During the same quarter in the prior year, the business posted ($0.01) EPS. As a group, research analysts anticipate that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Announces Dividend

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

Hedge Funds Weigh In On Two Harbors Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 worth $29,000 after buying an additional 2,100 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Two Harbors Investment during the 3rd quarter valued at about $64,000. Simplify Asset Management Inc. bought a new position in shares of Two Harbors Investment during the 3rd quarter valued at about $134,000. AQR Capital Management LLC bought a new position in shares of Two Harbors Investment during the 2nd quarter valued at about $147,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of Two Harbors Investment by 11.3% during the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 1,230 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

TWO has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Compass Point reduced 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. JMP Securities reduced their price objective 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 Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.71.

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.