Two Harbors Investment Corp. (NYSE:TWO) CEO Sells $107,776.53 in Stock

Two Harbors Investment Corp. (NYSE:TWO – Get Rating) CEO William Ross Greenberg sold 8,741 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $12.33, for a total value of $107,776.53. Following the sale, the chief executive officer now directly owns 169,561 shares of the company’s stock, valued at $2,090,687.13. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Two Harbors Investment Trading Down 2.2 %

TWO stock opened at $11.77 on Friday. The company has a 50 day moving average of $13.26 and a two-hundred day moving average of $15.35. Two Harbors Investment Corp. has a 12-month low of $11.57 and a 12-month high of $21.84. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Tuesday, April 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 20.39%. The ex-dividend date was Monday, April 3rd. Two Harbors Investment’s dividend payout ratio is currently -72.51%.

Institutional Investors Weigh In On Two Harbors Investment

Several hedge funds and other institutional investors have recently modified their holdings of TWO. Financial Management Professionals Inc. acquired a new position in shares of Two Harbors Investment in the first quarter valued at $29,000. Guardian Wealth Advisors LLC bought a new stake in Two Harbors Investment during the third quarter worth about $30,000. WealthPLAN Partners LLC bought a new stake in Two Harbors Investment during the 1st quarter worth approximately $37,000. Global Retirement Partners LLC increased its stake in shares of Two Harbors Investment by 63.0% in the first quarter. Global Retirement Partners LLC now owns 3,101 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,199 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Two Harbors Investment by 130.6% in the first quarter. Parallel Advisors LLC now owns 3,247 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 1,839 shares during the last quarter.

Wall Street Analyst Weigh In

TWO has been the topic of several analyst reports. Barclays reduced their target price on shares of Two Harbors Investment from $16.00 to $14.00 in a report on Wednesday, May 3rd. Keefe, Bruyette & Woods upped their target price on Two Harbors Investment from $17.25 to $17.50 and gave the company a “market perform” rating in a report on Wednesday, February 15th. Citigroup raised their price target on shares of 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 price target on shares of Two Harbors Investment from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Friday, February 17th. Finally, StockNews.com began coverage on Two Harbors Investment in a research report on Thursday, March 16th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Two Harbors Investment presently has a consensus rating of “Hold” and an average target price of $16.38.

About Two Harbors Investment

(Get Rating)

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.