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 Two Harbors Investment stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.98, for a total transaction of $10,656.58. Following the completion of the transaction, the chief accounting officer now owns 9,772 shares of the company’s stock, valued at $126,840.56. This represents a 7.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was sold at an average price of $11.23, for a total transaction 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 Performance

NYSE TWO traded up $0.24 on Tuesday, hitting $13.26. 1,588,127 shares of the company’s stock were exchanged, compared to its average volume of 1,361,597. 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 firm’s 50-day moving average price is $11.91 and its two-hundred day moving average price is $12.61. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 6.28 and a beta of 1.84. Two Harbors Investment Corp. has a fifty-two week low of $10.84 and a fifty-two week high of $14.27.

Two Harbors Investment (NYSE:TWO) last released its earnings results 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 net margin of 66.24% and a return on equity of 6.52%. On average, research analysts expect that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TWO shares. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. JMP Securities restated 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. Royal Bank of Canada cut their target price 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. 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 research note on Friday, January 31st. Finally, Compass Point lowered their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Two Harbors Investment has a consensus rating of “Moderate Buy” and a consensus price target of $13.79.

Institutional Investors Weigh In On Two Harbors Investment

Institutional investors and hedge funds have recently modified their holdings of the company. Phocas Financial Corp. purchased a new position in Two Harbors Investment during the 3rd quarter valued at about $3,505,000. Geode Capital Management LLC increased its stake in Two Harbors Investment by 2.0% in 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 purchasing an additional 48,264 shares during the last quarter. Barclays PLC lifted its holdings in shares of Two Harbors Investment by 346.0% during the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after acquiring an additional 133,869 shares during the period. 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 valued at $2,685,000 after purchasing an additional 180,516 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Two Harbors Investment during the third quarter worth approximately $217,000. Institutional investors and hedge funds 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.