Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm Sells 821 Shares

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) 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 sale, the chief accounting officer now owns 9,772 shares of the company's stock, valued at approximately $126,840.56. This represents a 7.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 value of $11,566.90.
• On Wednesday, January 8th, Jillian Halm sold 481 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.31, for a total transaction of $5,440.11.

Two Harbors Investment Trading Up 1.0 %

Shares of NYSE:TWO traded up $0.14 during trading on Friday, reaching $13.53. 627,431 shares of the company were exchanged, compared to its average volume of 1,228,369. The firm has a market capitalization of $1.40 billion, a PE ratio of 6.41 and a beta of 1.84. The business's fifty day simple moving average is $12.03 and its 200-day simple moving average is $12.61. Two Harbors Investment Corp. has a 12-month low of $10.84 and a 12-month high of $14.27. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued 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 return on equity of 6.52% and a net margin of 66.24%. On average, research analysts anticipate that Two Harbors Investment Corp. will post 0.81 EPS for the current 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 13.31%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment's payout ratio is 85.31%.

Hedge Funds Weigh In On Two Harbors Investment

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings 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 lifted its stake in shares of 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 worth $39,000 after buying an additional 2,963 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment during the fourth quarter worth $40,000. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment during the third quarter worth $64,000. Finally, KBC Group NV lifted its stake in shares of 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 worth $78,000 after buying an additional 3,077 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Compass Point lowered their price target 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. StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. JMP Securities reaffirmed 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, Royal Bank of Canada increased their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday. 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.96.

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.