Two Harbors Investment Corp. (NYSE:TWO) CIO Sells $44,346.76 in Stock

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 3,956 shares of Two Harbors Investment stock in a transaction 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 sale, the executive now directly owns 180,712 shares of the company’s stock, valued at approximately $2,025,781.52. This trade represents a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 value of $67,225.20.

Two Harbors Investment Price Performance

TWO opened at $11.09 on Monday. The firm’s fifty day moving average price is $11.70 and its two-hundred day moving average price is $12.79. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.30 and a beta of 1.83. 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 Corp. has a 1 year low of $10.98 and a 1 year high of $14.27.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $112.64 million during the quarter. During the same period last year, the firm earned ($0.01) earnings per share. As a group, 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 disclosed 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 annualized dividend and a yield of 16.23%. Two Harbors Investment’s dividend payout ratio is currently -37.34%.

Institutional Investors Weigh In On Two Harbors Investment

Several large investors have recently made changes to their positions in the business. Phocas Financial Corp. purchased a new position in shares of Two Harbors Investment in the 3rd quarter worth about $3,505,000. Geode Capital Management LLC boosted 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 grew its position in shares of Two Harbors Investment by 346.0% during the 3rd 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 period. International Assets Investment Management LLC increased its stake in shares of Two Harbors Investment by 1,392.7% during the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after purchasing an additional 180,516 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Two Harbors Investment in the 3rd quarter worth approximately $217,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JMP Securities cut their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. JPMorgan Chase & Co. reduced their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. 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 for the company in a research note on Friday, November 1st. Compass Point dropped 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 research note on Monday, November 25th. Finally, StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.71.

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.