Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica Sells 5,737 Shares

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 5,737 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total value of $64,713.36. Following the completion of the transaction, the executive now owns 168,935 shares of the company’s stock, valued at $1,905,586.80. The trade was a 3.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nicholas Letica also recently made the following trade(s):

• On Friday, January 10th, Nicholas Letica sold 6,040 shares of Two Harbors Investment stock. The stock was sold at an average price of $11.13, for a total transaction of $67,225.20.
• On Wednesday, January 8th, Nicholas Letica sold 3,956 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.21, for a total transaction of $44,346.76.

Two Harbors Investment Stock Up 2.6 %

NYSE:TWO opened at $11.63 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The business has a 50 day simple moving average of $11.69 and a 200-day simple moving average of $12.76. Two Harbors Investment Corp. has a 1 year low of $10.84 and a 1 year high of $14.27.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The company had revenue of $112.64 million during the quarter. During the same period in the previous year, the company posted ($0.01) EPS. As a group, research analysts anticipate that Two Harbors Investment Corp. will post 0.47 EPS for the current year.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 15.48%. Two Harbors Investment’s payout ratio is -37.34%.

Institutional Trading of Two Harbors Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its stake in shares of Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 1,230 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Two Harbors Investment by 1,680.0% during 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 period. The Manufacturers Life Insurance Company grew its position in 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. Arizona State Retirement System grew its position in Two Harbors Investment by 9.5% in the 2nd quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock valued at $382,000 after acquiring an additional 2,519 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Two Harbors Investment by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock worth $3,583,000 after purchasing an additional 3,391 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TWO has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. JMP Securities cut their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada decreased their price objective on 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. Finally, Compass Point cut their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Two Harbors Investment has a consensus rating of “Hold” and an average price target of $13.71.

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.