Insider Buying: Two Harbors Investments Corp (TWO) Director Purchases $77,650.00 in Stock
Two Harbors Investments Corp (NYSE:TWO) Director William Reid Sanders purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average cost of $15.53 per share, for a total transaction of $77,650.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Two Harbors Investments Corp (NYSE TWO) traded up $0.12 on Friday, reaching $15.75. The company’s stock had a trading volume of 1,612,509 shares, compared to its average volume of 1,657,182. Two Harbors Investments Corp has a 12 month low of $13.46 and a 12 month high of $17.29. The stock has a market cap of $2,730.00 and a price-to-earnings ratio of 7.42. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.33 and a quick ratio of 1.33.
Two Harbors Investments Corp (NYSE:TWO) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.24. Two Harbors Investments Corp had a return on equity of 10.27% and a net margin of 63.23%. The company had revenue of $115.03 million for the quarter, compared to analyst estimates of $112.87 million. During the same quarter in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts predict that Two Harbors Investments Corp will post 2.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 13.21%. The ex-dividend date was Thursday, September 28th. This is a positive change from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. Two Harbors Investments Corp’s payout ratio is currently 71.72%.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/11/18/insider-buying-two-harbors-investments-corp-two-director-purchases-77650-00-in-stock.html.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Two Harbors Investments Corp by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 28,500,232 shares of the real estate investment trust’s stock valued at $282,437,000 after purchasing an additional 329,603 shares in the last quarter. Delphi Financial Group Inc. boosted its holdings in Two Harbors Investments Corp by 1.1% in the 3rd quarter. Delphi Financial Group Inc. now owns 7,193,819 shares of the real estate investment trust’s stock valued at $72,442,000 after purchasing an additional 80,000 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Two Harbors Investments Corp by 110.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,908,716 shares of the real estate investment trust’s stock valued at $58,555,000 after purchasing an additional 3,099,465 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Two Harbors Investments Corp by 145.8% in the 3rd quarter. Janus Henderson Group PLC now owns 5,705,879 shares of the real estate investment trust’s stock valued at $57,515,000 after purchasing an additional 3,384,072 shares in the last quarter. Finally, State Street Corp boosted its holdings in Two Harbors Investments Corp by 4.3% in the 2nd quarter. State Street Corp now owns 5,254,781 shares of the real estate investment trust’s stock valued at $52,078,000 after purchasing an additional 217,529 shares in the last quarter.
A number of equities analysts recently issued reports on the company. B. Riley reissued a “neutral” rating on shares of Two Harbors Investments Corp in a report on Wednesday, November 1st. Maxim Group reissued a “buy” rating and set a $20.50 price target on shares of Two Harbors Investments Corp in a report on Tuesday, August 8th. Credit Suisse Group reissued a “buy” rating and set a $20.00 price target on shares of Two Harbors Investments Corp in a report on Thursday, August 10th. Zacks Investment Research lowered Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, BidaskClub raised Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $18.50.
About Two Harbors Investments Corp
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), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.