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 firm’s stock in a transaction on Wednesday, January 8th. The stock was 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 owns 156,163 shares of the company’s stock, valued at $1,750,587.23. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Two Harbors Investment Trading Down 1.7 %

TWO opened at $11.09 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50 day simple moving average is $11.70 and its two-hundred day simple moving average is $12.80. Two Harbors Investment Corp. has a 1-year low of $10.98 and a 1-year 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.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $112.64 million for 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 in the previous year, the firm posted ($0.01) earnings per share. Analysts expect that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders 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 yield of 16.23%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is -37.34%.

Institutional Trading of Two Harbors Investment

Large investors have recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in Two Harbors Investment by 1.1% in the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock valued at $4,106,000 after buying an additional 3,408 shares during the last quarter. 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 buying an additional 2,519 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Two Harbors Investment in the second quarter valued at $192,000. Intech Investment Management LLC acquired a new position in Two Harbors Investment in the second 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 valued at $1,552,000 after acquiring an additional 20,403 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TWO. 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. 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. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. 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. Finally, 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. One equities 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. According to MarketBeat, Two Harbors Investment currently has a consensus rating of “Hold” and a consensus target price of $13.71.

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.