Mary Kathryn Riskey Sells 15,114 Shares of Two Harbors Investment Corp. (NYSE:TWO) Stock

Two Harbors Investment Corp. (NYSE:TWOGet Rating) CFO Mary Kathryn Riskey sold 15,114 shares of the firm’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $4.97, for a total value of $75,116.58. Following the transaction, the chief financial officer now owns 221,223 shares of the company’s stock, valued at approximately $1,099,478.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:TWO opened at $5.13 on Thursday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.86 and a beta of 1.66. Two Harbors Investment Corp. has a 52 week low of $4.71 and a 52 week high of $8.15. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $5.16 and a 200 day moving average of $5.51.

Two Harbors Investment (NYSE:TWOGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $22.53 million during the quarter, compared to the consensus estimate of $27.42 million. Two Harbors Investment had a return on equity of 16.21% and a net margin of 147.67%. The business’s quarterly revenue was down 32.5% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. On average, sell-side analysts expect that Two Harbors Investment Corp. will post 0.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Monday, April 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.26%. The ex-dividend date of this dividend was Friday, April 1st. Two Harbors Investment’s payout ratio is presently 183.78%.

Several research analysts recently commented on TWO shares. JPMorgan Chase & Co. dropped their price target on Two Harbors Investment from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Monday, April 25th. Zacks Investment Research upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Credit Suisse Group dropped their target price on Two Harbors Investment from $6.00 to $5.25 and set a “neutral” rating for the company in a research report on Tuesday, March 8th. Finally, TheStreet lowered Two Harbors Investment from a “c” rating to a “d+” rating in a research report on Wednesday, February 9th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.81.

Several hedge funds have recently modified their holdings of the company. Public Sector Pension Investment Board grew its holdings in shares of Two Harbors Investment by 12.4% during the third quarter. Public Sector Pension Investment Board now owns 634,240 shares of the real estate investment trust’s stock valued at $4,021,000 after buying an additional 69,983 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Two Harbors Investment by 25.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 122,347 shares of the real estate investment trust’s stock valued at $707,000 after buying an additional 25,112 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Two Harbors Investment by 5,407.3% during the fourth quarter. First Trust Advisors LP now owns 730,540 shares of the real estate investment trust’s stock valued at $4,215,000 after buying an additional 717,275 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Two Harbors Investment by 4.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,062,761 shares of the real estate investment trust’s stock valued at $58,062,000 after buying an additional 410,506 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its position in shares of Two Harbors Investment by 9.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 136,070 shares of the real estate investment trust’s stock worth $785,000 after acquiring an additional 11,870 shares during the period. 68.67% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investment Company Profile (Get Rating)

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

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