Two Harbors Investments (NYSE:TWO) CAO Jillian Halm Sells 1,744 Shares of Stock

Two Harbors Investments Corp (NYSE:TWO) CAO Jillian Halm sold 1,744 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $12.25, for a total transaction of $21,364.00. Following the completion of the transaction, the chief accounting officer owned 19,212 shares of the company’s stock, valued at $235,347. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Two Harbors Investments Price Performance

TWO opened at $12.29 on Tuesday. Two Harbors Investments Corp has a twelve month low of $9.30 and a twelve month high of $14.28. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -4.91 and a beta of 1.19. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.13. The company has a fifty day simple moving average of $10.30 and a 200 day simple moving average of $10.11.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share for the quarter. The company had revenue of ($18.67) million during the quarter. Two Harbors Investments had a negative net margin of 44.10% and a positive return on equity of 11.92%. Equities research analysts expect that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Monday, January 5th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.36 dividend on an annualized basis and a yield of 11.1%. Two Harbors Investments’s dividend payout ratio is currently -54.40%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price target on shares of Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Wall Street Zen upgraded shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research lowered shares of Two Harbors Investments from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Maxim Group lowered shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.96.

Institutional Trading of Two Harbors Investments

Several institutional investors have recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. boosted its holdings in shares of Two Harbors Investments by 490.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock valued at $38,599,000 after buying an additional 2,977,196 shares during the period. Algebris UK Ltd. bought a new position in Two Harbors Investments in the third quarter worth about $17,558,000. Millennium Management LLC boosted its stake in Two Harbors Investments by 45.3% in the third quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock valued at $44,766,000 after acquiring an additional 1,415,062 shares during the period. Invesco Ltd. grew its holdings in shares of Two Harbors Investments by 44.5% during the second quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock valued at $28,540,000 after purchasing an additional 815,931 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of Two Harbors Investments during the 3rd quarter worth approximately $5,325,000. Institutional investors own 64.19% of the company’s stock.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.