Two Harbors Investment Corp. (NYSE:TWO) CAO Sells $10,656.58 in Stock

Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm sold 821 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $12.98, for a total value of $10,656.58. Following the completion of the transaction, the chief accounting officer now directly owns 9,772 shares of the company’s stock, valued at approximately $126,840.56. This trade represents a 7.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Price Performance

NYSE TWO traded up $0.24 during trading hours on Tuesday, hitting $13.26. 1,588,127 shares of the company’s stock traded hands, compared to its average volume of 1,361,597. The company has a market capitalization of $1.37 billion, a PE ratio of 6.28 and a beta of 1.84. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. Two Harbors Investment Corp. has a 52-week low of $10.84 and a 52-week high of $14.27. The firm’s 50-day moving average is $11.91 and its 200-day moving average is $12.61.

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

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Friday, January 3rd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 13.58%. The ex-dividend date of this dividend was Friday, January 3rd. Two Harbors Investment’s payout ratio is currently 85.31%.

Institutional Trading of Two Harbors Investment

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Two Harbors Investment by 3.0% in the fourth 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 increased its holdings in Two Harbors Investment by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock valued at $64,158,000 after purchasing an additional 69,725 shares during the last quarter. State Street Corp raised its position in 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 purchasing an additional 102,294 shares during the period. Geode Capital Management LLC raised its holdings in shares of Two Harbors Investment by 2.0% in the 3rd 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 period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Two Harbors Investment by 3.9% during the 4th 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 and hedge funds own 64.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TWO shares. JPMorgan Chase & Co. increased their price target on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Compass Point lowered their target price 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. Royal Bank of Canada cut their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Finally, StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.79.

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.