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

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 5,025 shares of the business’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 sale, the insider now directly owns 156,163 shares in the company, valued at approximately $1,750,587.23. This represents a 3.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Two Harbors Investment Stock Down 1.7 %

NYSE:TWO opened at $11.09 on Friday. The stock’s fifty day moving average price is $11.70 and its two-hundred day moving average price is $12.79. The company 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 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 anticipate that Two Harbors Investment Corp. will post 0.47 EPS 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 issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 16.23%. Two Harbors Investment’s dividend payout ratio is currently -37.34%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. JMP Securities decreased their price objective on shares of 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. Royal Bank of Canada cut their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Compass Point cut their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research report on Monday, November 25th. One 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.71.

Hedge Funds Weigh In On Two Harbors Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,100 shares during the period. McIlrath & Eck LLC bought a new stake in Two Harbors Investment in the third quarter valued at about $64,000. Simplify Asset Management Inc. acquired a new position in Two Harbors Investment in the third quarter valued at about $134,000. AQR Capital Management LLC bought a new position in Two Harbors Investment during the second quarter worth about $147,000. Finally, QRG Capital Management Inc. grew its position 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 worth $168,000 after buying an additional 1,230 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.