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 on Monday, February 10th. The shares were sold at an average price of $12.98, for a total transaction of $10,656.58. Following the transaction, the chief accounting officer now owns 9,772 shares in the company, valued at $126,840.56. This trade represents a 7.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 transaction of $5,440.11.

Two Harbors Investment Price Performance

TWO opened at $13.39 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The business’s fifty day simple moving average is $11.96 and its 200-day simple moving average is $12.61. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 6.34 and a beta of 1.84. 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 issued 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 return on equity of 6.52% and a net margin of 66.24%. On average, equities research analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Friday, January 3rd were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 13.45%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s payout ratio is 85.31%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their price objective on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Royal Bank of Canada lifted their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday. JMP Securities restated a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. Finally, Compass Point decreased their price objective 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.96.

Hedge Funds Weigh In On Two Harbors Investment

A number of large investors have recently bought and sold shares of TWO. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Two Harbors Investment by 1,680.0% in 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 buying an additional 2,100 shares in the last quarter. Sterling Capital Management LLC lifted its position in Two Harbors Investment by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Two Harbors Investment in the fourth quarter valued at approximately $40,000. McIlrath & Eck LLC purchased a new position in Two Harbors Investment in the third quarter worth $64,000. Finally, KBC Group NV grew its holdings in Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 3,077 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

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.