Two Harbors Investments Corp. (NYSE:TWO) CEO Thomas Siering acquired 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were acquired at an average cost of $8.48 per share, with a total value of $29,680.00. Following the purchase, the chief executive officer now directly owns 865,553 shares of the company’s stock, valued at approximately $7,339,889.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Two Harbors Investments Corp. (NYSE:TWO) opened at 8.42 on Monday. Two Harbors Investments Corp. has a 12-month low of $6.91 and a 12-month high of $9.18. The stock has a market cap of $2.93 billion, a P/E ratio of 13.28 and a beta of 0.58. The stock has a 50 day moving average price of $8.36 and a 200 day moving average price of $8.56.

Two Harbors Investments Corp. (NYSE:TWO) last issued its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. Two Harbors Investments Corp. had a return on equity of 8.76% and a net margin of 37.85%. The business earned $108.51 million during the quarter, compared to analyst estimates of $89.40 million. During the same quarter in the prior year, the business posted $0.22 EPS. Two Harbors Investments Corp.’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts forecast that Two Harbors Investments Corp. will post $0.41 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Two Harbors Investments Corp. (NYSE:TWO)

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 20th. Shareholders of record on Friday, September 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.92 dividend on an annualized basis and a yield of 10.93%. Two Harbors Investments Corp.’s payout ratio is presently 176.93%.

A number of large investors have recently modified their holdings of TWO. Creative Planning raised its stake in shares of Two Harbors Investments Corp. by 19.3% in the second quarter. Creative Planning now owns 37,683 shares of the real estate investment trust’s stock worth $323,000 after buying an additional 6,087 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in shares of Two Harbors Investments Corp. by 5.4% in the first quarter. Clear Harbor Asset Management LLC now owns 337,562 shares of the real estate investment trust’s stock worth $2,680,000 after buying an additional 17,388 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Two Harbors Investments Corp. by 1.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 110,823 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 2,080 shares during the last quarter. Babson Capital Management LLC raised its stake in shares of Two Harbors Investments Corp. by 513.9% in the first quarter. Babson Capital Management LLC now owns 66,300 shares of the real estate investment trust’s stock worth $526,000 after buying an additional 55,500 shares during the last quarter. Finally, HRS Investment Holdings LLC raised its stake in shares of Two Harbors Investments Corp. by 5.8% in the first quarter. HRS Investment Holdings LLC now owns 115,000 shares of the real estate investment trust’s stock worth $913,000 after buying an additional 6,281 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Several equities research analysts have issued reports on TWO shares. FBR & Co reaffirmed a “buy” rating on shares of Two Harbors Investments Corp. in a research note on Friday, July 29th. Wunderlich lifted their price target on Two Harbors Investments Corp. from $8.75 to $9.50 and gave the stock a “hold” rating in a research note on Friday, August 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $9.50 price target on shares of Two Harbors Investments Corp. in a research note on Friday, August 5th. TheStreet lowered Two Harbors Investments Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Finally, Deutsche Bank AG set a $9.80 price target on Two Harbors Investments Corp. and gave the stock a “buy” rating in a research note on Saturday, August 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Two Harbors Investments Corp. presently has a consensus rating of “Buy” and an average target price of $9.59.

Two Harbors Investments Corp. Company Profile

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. The Company’s target asset classes include Agency RMBS collateralized by fixed rate mortgage loans, adjustable-rate mortgage (ARM) loans or hybrid mortgage loans, including mortgage pass-through certificates, collateralized mortgage obligations, the Federal Home Loan Mortgage Corporation gold certificates, the Federal National Mortgage Association certificates, the Government National Mortgage Association (Ginnie Mae) certificates, to-be-announced forward contracts, and interest-only and inverse interest-only securities; Non-Agency RMBS, including both senior and mezzanine RMBS, and floating and fixed rate commercial real estate loans.

5 Day Chart for NYSE:TWO

Receive News & Stock Ratings for Two Harbors Investments Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investments Corp. and related stocks with our FREE daily email newsletter.