Key Points
- CFO William Dellal sold 7,087 shares on Dec. 22 at an average price of $11.44 for $81,075.28, leaving him with 36,703 shares — a 16.18% reduction in his position.
- Two Harbors declared a quarterly dividend of $0.34 (annualized $1.36) with an ex-dividend date of Jan. 5 and payment on Jan. 29, implying a ~11.9% yield.
- The stock has a market cap of ~$1.19 billion and a negative P/E, and analysts’ consensus is a “Hold” rating with a $11.96 target price (mixed broker recommendations).
Two Harbors Investments Corp (NYSE:TWO - Get Free Report) CFO William Dellal sold 7,087 shares of the stock in a transaction on 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 transaction, the chief financial officer directly owned 36,703 shares in the company, valued at approximately $419,882.32. This represents a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Two Harbors Investments Price Performance
TWO opened at $11.45 on Tuesday. The stock has a market capitalization of $1.19 billion, a P/E ratio of -4.58 and a beta of 1.20. Two Harbors Investments Corp has a 12-month low of $9.30 and a 12-month high of $14.28. The stock has a 50-day moving average price of $9.94 and a 200-day moving average price of $10.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.13.
Two Harbors Investments (NYSE:TWO - Get Free Report) 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. 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 analysts predict that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.
Two Harbors Investments Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Monday, January 5th will be given a $0.34 dividend. The ex-dividend date is Monday, January 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.9%. Two Harbors Investments's payout ratio is presently -54.40%.
Institutional Investors Weigh In On Two Harbors Investments
Hedge funds and other institutional investors have recently bought and sold shares of the business. Nuveen LLC bought a new position in shares of Two Harbors Investments during the first quarter valued at approximately $3,344,000. HighTower Advisors LLC purchased a new stake in shares of Two Harbors Investments in the 1st quarter worth approximately $184,000. Smartleaf Asset Management LLC increased its position in Two Harbors Investments by 233.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust's stock valued at $86,000 after buying an additional 4,552 shares in the last quarter. Ieq Capital LLC purchased a new position in Two Harbors Investments during the first quarter valued at $403,000. Finally, Amundi boosted its holdings in Two Harbors Investments by 2.9% in the first quarter. Amundi now owns 766,733 shares of the real estate investment trust's stock worth $9,868,000 after acquiring an additional 21,531 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on TWO. Weiss Ratings restated a "sell (d+)" rating on shares of Two Harbors Investments in a report on Monday, December 15th. Maxim Group lowered Two Harbors Investments from a "buy" rating to a "hold" rating in a research note on Thursday, December 18th. Wall Street Zen raised shares of Two Harbors Investments from a "sell" rating to a "hold" rating in a research report on Saturday, November 1st. UBS Group cut their target price on shares of Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Two Harbors Investments from $9.50 to $10.00 and gave the stock a "neutral" rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $11.96.
View Our Latest Stock Analysis on Two Harbors Investments
About Two Harbors Investments
(
Get Free Report)
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.
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