Two Harbors Investment Corp. (NYSE:TWO) Insider Sells $42,164.90 in Stock

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 3,785 shares of Two Harbors Investment stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.14, for a total value of $42,164.90. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Two Harbors Investment Stock Down 1.7 %

NYSE:TWO opened at $11.09 on Friday. 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 twelve month low of $10.98 and a twelve month high of $14.27. The stock’s 50 day moving average price is $11.70 and its two-hundred day moving average price is $12.80. 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 posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 last year, the business earned ($0.01) earnings per share. Equities research analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

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

Wall Street Analyst Weigh In

TWO has been the topic of a number of recent research reports. Royal Bank of Canada dropped their target price 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. JPMorgan Chase & Co. dropped their target price 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. Compass Point dropped 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. JMP Securities dropped 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. Finally, StockNews.com raised Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. One research 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’s stock. According to MarketBeat.com, Two Harbors Investment has a consensus rating of “Hold” and an average target price of $13.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Phocas Financial Corp. bought a new position in shares of Two Harbors Investment during the 3rd quarter worth approximately $3,505,000. Geode Capital Management LLC boosted its stake in shares of Two Harbors Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after acquiring an additional 48,264 shares during the period. Barclays PLC boosted its stake in Two Harbors Investment by 346.0% in the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after purchasing an additional 133,869 shares during the period. International Assets Investment Management LLC boosted its stake 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 valued at $2,685,000 after purchasing an additional 180,516 shares during the period. Finally, Verition Fund Management LLC bought a new stake in Two Harbors Investment in the 3rd quarter valued at $217,000. 64.19% of the stock is currently owned by institutional investors.

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.