Two Harbors Investment Corp. (NYSE:TWO) CEO William Ross Greenberg Sells 8,170 Shares

Two Harbors Investment Corp. (NYSE:TWO) CEO William Ross Greenberg sold 8,170 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $12.68, for a total value of $103,595.60. Following the completion of the sale, the chief executive officer now owns 255,909 shares in the company, valued at $3,244,926.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Two Harbors Investment Stock Performance

Shares of Two Harbors Investment stock opened at $12.61 on Thursday. The stock has a market cap of $1.31 billion, a PE ratio of 7.08 and a beta of 1.85. The business has a fifty day simple moving average of $12.66 and a 200-day simple moving average of $13.13. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.99. Two Harbors Investment Corp. has a 12 month low of $9.83 and a 12 month high of $14.59.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, April 4th were given a $0.45 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.80 annualized dividend and a dividend yield of 14.27%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 101.12%.

Institutional Trading of Two Harbors Investment

Several hedge funds and other institutional investors have recently modified their holdings of TWO. FNY Investment Advisers LLC acquired a new stake in shares of Two Harbors Investment in the fourth quarter worth $40,000. Cape Investment Advisory Inc. purchased a new stake in shares of Two Harbors Investment during the fourth quarter worth $58,000. Global Retirement Partners LLC raised its holdings in shares of Two Harbors Investment by 67.5% during the first quarter. Global Retirement Partners LLC now owns 5,243 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 2,112 shares in the last quarter. Montag A & Associates Inc. raised its holdings in shares of Two Harbors Investment by 238.4% during the fourth quarter. Montag A & Associates Inc. now owns 5,239 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 3,691 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Two Harbors Investment by 38.4% during the third quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 1,652 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TWO. JMP Securities reiterated a “market outperform” rating and set a $15.00 price target on shares of Two Harbors Investment in a research report on Thursday, April 18th. TheStreet cut Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. lowered their price target on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. Jonestrading began coverage on Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating on the stock. Finally, StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.57.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.