Two Harbors Investment Corp. (NYSE:TWO) Director Sells $84,277.64 in Stock

Two Harbors Investment Corp. (NYSE:TWO – Get Rating) Director Stephen G. Kasnet sold 6,863 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $12.28, for a total value of $84,277.64. Following the sale, the director now owns 80,035 shares in the company, valued at $982,829.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Two Harbors Investment Trading Down 0.5 %

TWO opened at $12.31 on Monday. The business’s 50-day moving average price is $13.44 and its 200-day moving average price is $15.41. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.98. Two Harbors Investment Corp. has a 12 month low of $11.59 and a 12 month high of $21.84.

Two Harbors Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Tuesday, April 4th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 19.50%. The ex-dividend date was Monday, April 3rd. Two Harbors Investment’s dividend payout ratio is -72.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates boosted its holdings in shares of Two Harbors Investment by 6.1% during the first quarter. Raymond James & Associates now owns 13,627 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 786 shares during the period. Teamwork Financial Advisors LLC raised its holdings in shares of Two Harbors Investment by 5.5% during the first quarter. Teamwork Financial Advisors LLC now owns 15,304 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 800 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Two Harbors Investment by 4.5% during the third quarter. Captrust Financial Advisors now owns 20,164 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 860 shares during the period. Amalgamated Bank boosted its position in shares of Two Harbors Investment by 2.3% during the first quarter. Amalgamated Bank now owns 40,128 shares of the real estate investment trust’s stock valued at $590,000 after purchasing an additional 896 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Two Harbors Investment by 0.4% in the 3rd quarter. New York State Common Retirement Fund now owns 235,974 shares of the real estate investment trust’s stock worth $783,000 after buying an additional 916 shares during the period.

Analysts Set New Price Targets

A number of analysts have commented on TWO shares. Maxim Group raised shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, February 10th. Barclays reduced their target price on shares of Two Harbors Investment from $16.00 to $14.00 in a research note on Wednesday, May 3rd. Citigroup raised their target price on Two Harbors Investment from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, February 13th. Royal Bank of Canada upped their target price on Two Harbors Investment from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Friday, February 17th. Finally, JMP Securities cut their price objective on Two Harbors Investment from $18.00 to $14.50 and set an “outperform” rating for the company in a report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.38.

About Two Harbors Investment

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Two Harbors Investment Corp. is a real estate investment trust, which invests in, finances, and manages agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.