Two Harbors Investment Corp. (NYSE:TWO) Insider Rebecca B. Sandberg Sells 3,014 Shares

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 3,014 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $11.24, for a total value of $33,877.36. Following the completion of the sale, the insider now directly owns 149,364 shares of the company’s stock, valued at $1,678,851.36. This represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Two Harbors Investment Price Performance

Shares of TWO stock traded up $0.29 during trading hours on Wednesday, hitting $11.63. The company had a trading volume of 848,631 shares, compared to its average volume of 1,355,103. Two Harbors Investment Corp. has a 12 month low of $10.84 and a 12 month 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. The firm’s fifty day moving average is $11.69 and its 200 day moving average is $12.76. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -2.41 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The company 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 business earned ($0.01) EPS. On average, sell-side analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently announced 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 of this dividend is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is currently -37.34%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TWO. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. 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 research report on Thursday, October 17th. JPMorgan Chase & Co. cut their price target on 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 decreased their price objective on 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, Royal Bank of Canada lowered 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 report on Friday, November 1st. 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 company. According to data from MarketBeat, Two Harbors Investment presently has a consensus rating of “Hold” and an average target price of $13.71.

Hedge Funds Weigh In On Two Harbors Investment

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