Rebecca B. Sandberg Sells 2,561 Shares of Two Harbors Investment Corp. (NYSE:TWO) Stock

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the sale, the insider now directly owns 146,803 shares in the company, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Two Harbors Investment Trading Up 1.8 %

Two Harbors Investment stock traded up $0.24 during trading on Tuesday, reaching $13.26. 1,587,915 shares of the company were exchanged, compared to its average volume of 1,361,597. Two Harbors Investment Corp. has a 52-week low of $10.84 and a 52-week high of $14.27. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The company has a market capitalization of $1.37 billion, a P/E ratio of 6.28 and a beta of 1.84. The stock’s 50 day simple moving average is $11.91 and its two-hundred day simple moving average is $12.61.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. On average, equities research analysts expect that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 13.58%. Two Harbors Investment’s dividend payout ratio (DPR) is 85.31%.

Institutional Investors Weigh In On Two Harbors Investment

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in shares of Two Harbors Investment in the 2nd quarter valued at about $147,000. The Manufacturers Life Insurance Company increased its holdings in shares of Two Harbors Investment by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock valued at $677,000 after acquiring an additional 2,241 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings 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 acquiring an additional 2,100 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Two Harbors Investment by 12.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 31,149 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Teamwork Financial Advisors LLC purchased a new position in shares of Two Harbors Investment in the 3rd quarter valued at about $173,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TWO. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. JMP Securities reissued a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. Compass Point cut 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. Finally, Royal Bank of Canada dropped their price target 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.79.

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.