Two Harbors Investments (NYSE:TWO) CFO William Dellal Sells 7,087 Shares of Stock

Two Harbors Investments Corp (NYSE:TWO) CFO William Dellal sold 7,087 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $11.44, for a total value of $81,075.28. Following the completion of the sale, the chief financial officer directly owned 36,703 shares of the company’s stock, valued at approximately $419,882.32. The trade was a 16.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Two Harbors Investments Price Performance

Two Harbors Investments stock opened at $11.45 on Tuesday. The stock’s 50 day moving average is $9.94 and its 200 day moving average is $10.09. Two Harbors Investments Corp has a one year low of $9.30 and a one year high of $14.28. The firm has a market cap of $1.19 billion, a P/E ratio of -4.58 and a beta of 1.20. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.09 and a quick ratio of 1.09.

Two Harbors Investments (NYSE:TWO) last released its earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share for the quarter. The business 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%. As a group, research analysts expect that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Monday, January 5th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Monday, January 5th. Two Harbors Investments’s dividend payout ratio (DPR) is currently -54.40%.

Institutional Trading of Two Harbors Investments

Several institutional investors have recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Two Harbors Investments in the 3rd quarter worth about $25,000. Quarry LP boosted its stake in shares of Two Harbors Investments by 695.6% in the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,991 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Two Harbors Investments by 240.4% in the second quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 2,380 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Two Harbors Investments during the third quarter valued at approximately $42,000. Finally, CWM LLC boosted its position in Two Harbors Investments by 456.0% in the third quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 4,482 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

Analysts Set New Price Targets

TWO has been the subject of several research analyst reports. Zacks Research raised Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. raised their target price on 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 Two Harbors Investments from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Two Harbors Investments in a report on Monday, December 15th. Finally, UBS Group reduced their target price on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.96.

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.