Key Points
- Two Harbors EVP James Campbell sold 1,692 shares at an average price of $12.39 for a total of $20,963.88, leaving him with 37,056 shares (a 4.37% reduction in his stake).
- Two Harbors declared a quarterly dividend of $0.34 (annualized $1.36) with an ex-dividend date of Jan. 5 and a yield of about 11.1%, while the company reports a negative dividend payout ratio.
- Stock and analyst context: TWO has a market cap of $1.28 billion, a 52-week range of $9.30–$14.28, and a consensus analyst rating of “Hold” with a $11.96 target price.
Two Harbors Investments Corp (NYSE:TWO - Get Free Report) EVP James Campbell sold 1,692 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $12.39, for a total transaction of $20,963.88. Following the transaction, the executive vice president owned 37,056 shares in the company, valued at $459,123.84. The trade was a 4.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Two Harbors Investments Price Performance
TWO stock opened at $12.29 on Tuesday. The firm has a market cap of $1.28 billion, a P/E ratio of -4.91 and a beta of 1.19. The firm's fifty day moving average is $10.30 and its 200 day moving average is $10.11. Two Harbors Investments Corp has a 52 week low of $9.30 and a 52 week high of $14.28. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.09 and a current ratio of 1.09.
Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share (EPS) 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%. Research analysts predict that Two Harbors Investments Corp will post 0.81 earnings per share 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. Stockholders of record on Monday, January 5th will be issued a $0.34 dividend. The ex-dividend date is Monday, January 5th. This represents a $1.36 annualized dividend and a dividend yield of 11.1%. Two Harbors Investments's dividend payout ratio (DPR) is currently -54.40%.
Institutional Trading of Two Harbors Investments
Several large investors have recently bought and sold shares of TWO. Amalgamated Bank grew its holdings in Two Harbors Investments by 3.9% during the third quarter. Amalgamated Bank now owns 30,604 shares of the real estate investment trust's stock valued at $302,000 after purchasing an additional 1,158 shares during the period. Intech Investment Management LLC lifted its position in shares of Two Harbors Investments by 1.4% during the 3rd quarter. Intech Investment Management LLC now owns 85,985 shares of the real estate investment trust's stock valued at $849,000 after buying an additional 1,202 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake 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 acquiring an additional 1,261 shares during the period. Osaic Holdings Inc. increased its holdings in Two Harbors Investments by 11.1% in the 2nd quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust's stock worth $142,000 after acquiring an additional 1,309 shares in the last quarter. Finally, Triumph Capital Management raised its stake in Two Harbors Investments by 6.0% during the 2nd quarter. Triumph Capital Management now owns 26,725 shares of the real estate investment trust's stock worth $288,000 after acquiring an additional 1,512 shares during the period. 64.19% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have issued reports on TWO. Maxim Group lowered shares of Two Harbors Investments from a "buy" rating to a "hold" rating in a report on Thursday, December 18th. Weiss Ratings reiterated a "sell (d)" rating on shares of Two Harbors Investments in a report on Monday, December 29th. Zacks Research downgraded Two Harbors Investments from a "strong-buy" rating to a "hold" rating in a report on Monday, December 29th. Wall Street Zen upgraded Two Harbors Investments from a "sell" rating to a "hold" rating in a report on Saturday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Two Harbors Investments from $9.50 to $10.00 and gave the stock 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $11.96.
Read Our Latest Report on Two Harbors Investments
Two Harbors Investments Company Profile
(
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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