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

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

Two Harbors Investment Stock Up 1.8 %

Shares of NYSE TWO opened at $13.26 on Wednesday. The company’s 50 day moving average price is $11.91 and its 200-day moving average price is $12.61. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment Corp. has a 52-week low of $10.84 and a 52-week high of $14.27. The company has a market capitalization of $1.37 billion, a P/E ratio of 6.28 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) 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%. Equities analysts forecast that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 13.58%. Two Harbors Investment’s payout ratio is 85.31%.

Institutional Investors Weigh In On Two Harbors Investment

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Two Harbors Investment by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock worth $135,928,000 after buying an additional 329,762 shares in the last quarter. Phocas Financial Corp. acquired a new position in shares of Two Harbors Investment during the 3rd quarter valued at $3,505,000. GraniteShares Advisors LLC bought a new position in Two Harbors Investment during the fourth quarter worth $2,476,000. International Assets Investment Management LLC grew its holdings in Two Harbors Investment by 1,392.7% in the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after purchasing an additional 180,516 shares during the period. Finally, Wolverine Asset Management LLC increased its stake in Two Harbors Investment by 29.3% in the fourth quarter. Wolverine Asset Management LLC now owns 694,397 shares of the real estate investment trust’s stock valued at $8,215,000 after purchasing an additional 157,276 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TWO shares. Royal Bank of Canada decreased 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 report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price 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. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 price target on shares of Two Harbors Investment in a research note 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. Finally, StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.