Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm Sells 1,030 Shares

Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm sold 1,030 shares of Two Harbors Investment stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $11.23, for a total transaction of $11,566.90. Following the completion of the sale, the chief accounting officer now owns 10,593 shares in the company, valued at approximately $118,959.39. This represents a 8.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jillian Halm also recently made the following trade(s):

• On Wednesday, January 8th, Jillian Halm sold 481 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.31, for a total transaction of $5,440.11.

Two Harbors Investment Trading Up 2.6 %

NYSE:TWO opened at $11.63 on Thursday. 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 company has a 50-day moving average of $11.69 and a 200-day moving average of $12.76. Two Harbors Investment Corp. has a twelve month low of $10.84 and a twelve month high of $14.27.

Two Harbors Investment (NYSE:TWO) last issued its 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). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The business had revenue of $112.64 million for the quarter. During the same period last year, the firm earned ($0.01) EPS. Equities analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 15.48%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio is -37.34%.

Analyst Ratings Changes

Several analysts recently commented on the company. Compass Point lowered 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. JPMorgan Chase & Co. cut their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. JMP Securities decreased their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada dropped their price target on shares of 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. Finally, StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. 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. Based on data from MarketBeat, the stock currently 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 institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 2,100 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment during the third quarter valued at approximately $64,000. Simplify Asset Management Inc. acquired a new position in Two Harbors Investment in the 3rd quarter worth approximately $134,000. AQR Capital Management LLC purchased a new position in Two Harbors Investment during the 2nd quarter worth approximately $147,000. Finally, QRG Capital Management Inc. raised its stake in 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 valued at $168,000 after purchasing an additional 1,230 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

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.