James Campbell Sells 1,692 Shares of Two Harbors Investments (NYSE:TWO) Stock

Two Harbors Investments Corp (NYSE:TWO) EVP James Campbell sold 1,692 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $12.39, for a total value of $20,963.88. Following the sale, the executive vice president owned 37,056 shares of the company’s stock, valued at $459,123.84. This represents a 4.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Two Harbors Investments Price Performance

NYSE TWO traded up $0.06 during trading hours on Monday, reaching $12.29. The company’s stock had a trading volume of 3,831,848 shares, compared to its average volume of 4,663,533. The firm’s 50-day moving average price is $10.25 and its 200-day moving average price is $10.10. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. Two Harbors Investments Corp has a 1 year low of $9.30 and a 1 year high of $14.28. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -4.91 and a beta of 1.19.

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

Two Harbors Investments Dividend Announcement

The business 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 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Monday, January 5th. Two Harbors Investments’s dividend payout ratio (DPR) is presently -54.40%.

Analysts Set New Price Targets

TWO has been the subject of several research reports. Wall Street Zen raised shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a research note on Monday, December 29th. Maxim Group cut Two Harbors Investments from a “buy” rating to a “hold” rating in a report on Thursday, December 18th. Zacks Research cut Two Harbors Investments from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their target price on Two Harbors Investments from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.96.

Institutional Investors Weigh In On Two Harbors Investments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Two Harbors Investments in the 4th quarter valued at approximately $1,621,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Two Harbors Investments by 11.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,391 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,261 shares during the last quarter. Commons Capital LLC purchased a new stake in Two Harbors Investments during the 4th quarter valued at $162,000. JPMorgan Chase & Co. lifted its position in Two Harbors Investments by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 172,900 shares of the real estate investment trust’s stock worth $1,707,000 after buying an additional 5,459 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Two Harbors Investments during the third quarter worth $110,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

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.