Two Harbors Investment Corp. (NYSE:TWO) Insider Rebecca B. Sandberg Sells 5,025 Shares

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 5,025 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total value of $56,330.25. Following the completion of the transaction, the insider now directly owns 156,163 shares in the company, valued at $1,750,587.23. This represents a 3.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 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. 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.

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 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 period in the prior year, the business earned ($0.01) earnings per share. As a group, analysts forecast that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TWO shares. Compass Point cut their target price 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. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. JMP Securities decreased their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada dropped their target price 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. Finally, JPMorgan Chase & Co. decreased their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.71.

Institutional Investors Weigh In On Two Harbors Investment

Several large investors have recently made changes to their positions in TWO. Phocas Financial Corp. bought a new stake in shares of Two Harbors Investment during the 3rd quarter worth about $3,505,000. International Assets Investment Management LLC lifted its holdings in Two Harbors Investment by 1,392.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after purchasing an additional 180,516 shares during the last quarter. Barclays PLC boosted its position 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 purchasing an additional 133,869 shares during the period. State Street Corp raised its position 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 valued at $53,814,000 after purchasing an additional 102,294 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Two Harbors Investment by 1.6% in the third 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 purchasing an additional 84,038 shares during the period. 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.