Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) insider Rebecca B. Sandberg sold 2,561 shares of Two Harbors Investment stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the sale, the insider now directly 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 legal filing with the SEC, which can be accessed through the SEC website.
Two Harbors Investment Stock Performance
Shares of TWO traded up $0.14 on Friday, reaching $13.53. 627,431 shares of the company's stock traded hands, compared to its average volume of 1,228,369. 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 stock has a market cap of $1.40 billion, a PE ratio of 6.41 and a beta of 1.84. The stock's 50 day simple moving average is $12.03 and its two-hundred day simple moving average is $12.61. Two Harbors Investment Corp. has a 52-week low of $10.84 and a 52-week high of $14.27.
Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its quarterly 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, analysts forecast that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal 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 $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.31%. The ex-dividend date of this dividend was Friday, January 3rd. Two Harbors Investment's dividend payout ratio (DPR) is presently 85.31%.
Analyst Upgrades and Downgrades
TWO has been the subject of several analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $14.00 price objective on shares of Two Harbors Investment in a report on Thursday, January 23rd. Compass Point decreased their price target on 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. Royal Bank of Canada lifted their price target on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Thursday. StockNews.com upgraded Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lifted their price target on Two Harbors Investment from $11.00 to $12.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Two Harbors Investment currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.96.
Get Our Latest Analysis on TWO
Hedge Funds Weigh In On Two Harbors Investment
Several hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Two Harbors Investment by 1,680.0% during the second 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 during the period. Sterling Capital Management LLC boosted its stake 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 buying an additional 2,963 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in Two Harbors Investment during the fourth quarter valued at $40,000. McIlrath & Eck LLC bought a new stake in Two Harbors Investment during the third quarter valued at $64,000. Finally, KBC Group NV boosted its stake in Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 3,077 shares during the period. 64.19% of the stock is currently owned by hedge funds and other institutional investors.
About Two Harbors Investment
(
Get Free Report)
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.
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