Two Harbors Investment Corp (NYSE:TWO) CEO Thomas Siering Buys 5,000 Shares

Two Harbors Investment Corp (NYSE:TWO) CEO Thomas Siering bought 5,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of $13.11 per share, for a total transaction of $65,550.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Two Harbors Investment stock traded up $0.27 during trading on Friday, hitting $13.28. 47,136 shares of the stock were exchanged, compared to its average volume of 2,537,611. The stock’s fifty day moving average is $13.12 and its 200 day moving average is $13.40. The stock has a market cap of $3.64 billion, a PE ratio of 6.69 and a beta of 0.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.12 and a current ratio of 1.12. Two Harbors Investment Corp has a 12 month low of $12.06 and a 12 month high of $15.89.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $68.59 million for the quarter, compared to the consensus estimate of $63.20 million. Two Harbors Investment had a positive return on equity of 13.49% and a negative net margin of 57.33%. During the same quarter in the prior year, the company posted $0.49 EPS. Sell-side analysts anticipate that Two Harbors Investment Corp will post 1.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Monday, July 1st were given a dividend of $0.40 per share. The ex-dividend date was Friday, June 28th. This represents a $1.60 annualized dividend and a dividend yield of 12.05%. Two Harbors Investment’s dividend payout ratio is currently 81.22%.

A number of analysts have weighed in on TWO shares. Maxim Group reissued a “buy” rating and set a $15.00 target price on shares of Two Harbors Investment in a report on Thursday, August 8th. ValuEngine raised shares of Two Harbors Investment from a “strong sell” rating to a “sell” rating in a report on Friday, May 17th. Nomura set a $14.00 target price on shares of Two Harbors Investment and gave the stock a “hold” rating in a report on Wednesday, August 7th. Zacks Investment Research cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Two Harbors Investment from $14.50 to $13.50 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.00.

Several institutional investors have recently added to or reduced their stakes in TWO. Sandy Spring Bank bought a new position in Two Harbors Investment in the 2nd quarter valued at about $32,000. Icon Wealth Partners LLC bought a new position in Two Harbors Investment in the 1st quarter valued at about $41,000. Barnett & Company Inc. bought a new position in Two Harbors Investment in the 1st quarter valued at about $43,000. Advisory Services Network LLC grew its position in Two Harbors Investment by 1,900.0% in the 1st quarter. Advisory Services Network LLC now owns 4,000 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 3,800 shares in the last quarter. Finally, Signaturefd LLC grew its position in Two Harbors Investment by 31.8% in the 1st quarter. Signaturefd LLC now owns 5,335 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 1,288 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.

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Insider Buying and Selling by Quarter for Two Harbors Investment (NYSE:TWO)

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