Insider Selling: Two Harbors Investment Corp. (NYSE:TWO) Insider Sells 5,025 Shares of Stock

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) insider Rebecca B. Sandberg sold 5,025 shares of the firm's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the transaction, the insider now owns 156,163 shares in the company, valued at $1,750,587.23. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Two Harbors Investment Price Performance

Shares of Two Harbors Investment stock traded down $0.19 during trading on Friday, hitting $11.09. 1,019,114 shares of the company's stock traded hands, compared to its average volume of 1,521,752. Two Harbors Investment Corp. has a twelve month low of $10.98 and a twelve month high of $14.27. The company has a market cap of $1.15 billion, a PE ratio of -2.30 and a beta of 1.83. The firm's fifty day moving average price is $11.70 and its 200 day moving average price is $12.80. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). The firm had revenue of $112.64 million during the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter in the previous year, the business posted ($0.01) EPS. Analysts forecast that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 16.23%. Two Harbors Investment's dividend payout ratio (DPR) is presently -37.34%.

Hedge Funds Weigh In On Two Harbors Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in shares of Two Harbors Investment by 1.1% during the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust's stock worth $4,106,000 after purchasing an additional 3,408 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Two Harbors Investment by 9.5% during the second quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust's stock worth $382,000 after purchasing an additional 2,519 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Two Harbors Investment during the second quarter worth approximately $192,000. Intech Investment Management LLC acquired a new position in shares of Two Harbors Investment during the second quarter worth approximately $180,000. Finally, Sei Investments Co. lifted its position in shares of Two Harbors Investment by 21.0% during the second quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust's stock worth $1,552,000 after purchasing an additional 20,403 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TWO has been the topic of several research analyst reports. StockNews.com upgraded shares of Two Harbors Investment to a "sell" rating in a research report on Thursday, December 12th. JMP Securities decreased their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating on the stock in a research report on Thursday, October 17th. Royal Bank of Canada decreased their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. 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 report on Wednesday, October 30th. Finally, Compass Point decreased their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating on the stock in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $13.71.

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.