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 the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.14, for a total transaction of $42,164.90. Following the completion of the sale, the insider now directly owns 152,378 shares in the company, valued at approximately $1,697,490.92. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Two Harbors Investment Stock Down 1.7 %

Shares of TWO opened at $11.09 on Friday. The business’s fifty day moving average price is $11.70 and its two-hundred day moving average price is $12.79. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.30 and a beta of 1.83. Two Harbors Investment Corp. has a 52 week low of $10.98 and a 52 week high of $14.27. 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 posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $112.64 million during the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter last year, the company posted ($0.01) EPS. On average, analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 16.23%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is -37.34%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JMP Securities dropped their target price on 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. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada cut 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 report on Friday, November 1st. Finally, Compass Point decreased their price objective on shares of 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. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.71.

Hedge Funds Weigh In On Two Harbors Investment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in shares of Two Harbors Investment by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock valued at $4,106,000 after purchasing an additional 3,408 shares during the period. Arizona State Retirement System increased its holdings in Two Harbors Investment by 9.5% in the second quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 2,519 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Two Harbors Investment in the second quarter valued at about $192,000. Intech Investment Management LLC bought a new position in Two Harbors Investment during the second quarter worth about $180,000. Finally, Sei Investments Co. grew its position in shares of Two Harbors Investment by 21.0% during the 2nd quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 20,403 shares during the period. 64.19% of the stock is owned by institutional investors.

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.