Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm Sells 821 Shares

Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm sold 821 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $12.98, for a total value of $10,656.58. Following the transaction, the chief accounting officer now directly owns 9,772 shares of the company’s stock, valued at approximately $126,840.56. This represents a 7.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, January 14th, Jillian Halm sold 1,030 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.23, for a total value of $11,566.90.
• On Wednesday, January 8th, Jillian Halm sold 481 shares of Two Harbors Investment stock. The stock was sold at an average price of $11.31, for a total value of $5,440.11.

Two Harbors Investment Stock Up 1.8 %

Two Harbors Investment stock opened at $13.26 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.37 billion, a PE ratio of 6.28 and a beta of 1.84. The firm’s fifty day moving average is $11.91 and its 200 day moving average is $12.61. Two Harbors Investment Corp. has a 12-month low of $10.84 and a 12-month high of $14.27.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, sell-side analysts predict that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

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

Institutional Investors Weigh In On Two Harbors Investment

Several hedge funds and other institutional investors have recently modified their holdings of TWO. Vanguard Group Inc. grew its position in Two Harbors Investment by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock valued at $135,928,000 after purchasing an additional 329,762 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Two Harbors Investment by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock worth $64,158,000 after buying an additional 69,725 shares during the last quarter. State Street Corp lifted its stake in shares of Two Harbors Investment by 2.7% in the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock valued at $53,814,000 after buying an additional 102,294 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Two Harbors Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after buying an additional 48,264 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Two Harbors Investment by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,458 shares of the real estate investment trust’s stock worth $18,247,000 after acquiring an additional 57,915 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a report on Thursday, January 23rd. Compass Point reduced their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada decreased their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.