Nicholas Letica Sells 3,956 Shares of Two Harbors Investment Corp. (NYSE:TWO) Stock

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) CIO Nicholas Letica sold 3,956 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the transaction, the executive now owns 180,712 shares in the company, valued at $2,025,781.52. This represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were sold at an average price of $11.13, for a total transaction of $67,225.20.

Two Harbors Investment Stock Down 1.7 %

Shares of TWO stock traded down $0.19 during trading hours on Friday, hitting $11.09. 1,019,114 shares of the company were exchanged, compared to its average volume of 1,521,752. The business has a 50 day moving average of $11.70 and a two-hundred day moving average of $12.80. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment Corp. has a 52 week low of $10.98 and a 52 week high of $14.27. The company has a market capitalization of $1.15 billion, a PE ratio of -2.30 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate 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 business had revenue of $112.64 million for the quarter. During the same period last year, the firm earned ($0.01) EPS. Analysts anticipate that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently announced 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. This represents a $1.80 annualized dividend and a yield of 16.23%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment's payout ratio is -37.34%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TWO shares. Compass Point cut 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 report on Monday, November 25th. JMP Securities lowered their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating for the company in a research note on Thursday, October 17th. StockNews.com raised shares of Two Harbors Investment to a "sell" rating in a research note on Thursday, December 12th. Royal Bank of Canada lowered their target price on shares of 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $13.71.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TWO. JPMorgan Chase & Co. lifted 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 valued at $3,583,000 after acquiring an additional 3,391 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in Two Harbors Investment in the third quarter valued at $64,000. Geode Capital Management LLC lifted 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 acquiring an additional 48,264 shares during the last quarter. Barclays PLC lifted its stake in Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock valued at $2,395,000 after acquiring an additional 133,869 shares during the last quarter. Finally, State Street Corp lifted its stake 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 acquiring an additional 102,294 shares during the last quarter. 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.