Zacks Investment Management Makes New Investment in Two Harbors Investment Corp. (NYSE:TWO)

Zacks Investment Management purchased a new position in Two Harbors Investment Corp. (NYSE:TWO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 161,252 shares of the real estate investment trust's stock, valued at approximately $1,908,000. Zacks Investment Management owned 0.16% of Two Harbors Investment as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Two Harbors Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust's stock worth $33,885,000 after acquiring an additional 48,264 shares in the last quarter. Barclays PLC raised its stake in Two Harbors Investment by 346.0% during the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock worth $2,395,000 after acquiring an additional 133,869 shares in the last quarter. Van ECK Associates Corp raised its stake in Two Harbors Investment by 20.2% during the fourth quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust's stock worth $10,564,000 after acquiring an additional 149,870 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Two Harbors Investment by 97.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust's stock worth $687,000 after acquiring an additional 28,607 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Two Harbors Investment by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust's stock worth $3,583,000 after acquiring an additional 3,391 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investment Trading Up 0.7 %

NYSE TWO traded up $0.08 during trading hours on Thursday, hitting $11.46. 353,495 shares of the company's stock were exchanged, compared to its average volume of 1,428,651. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 5.43 and a beta of 1.36. The stock has a 50-day simple moving average of $12.83 and a 200 day simple moving average of $12.33. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. Two Harbors Investment Corp. has a 1-year low of $10.16 and a 1-year high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. On average, equities analysts forecast that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.71%. The ex-dividend date is Friday, April 4th. Two Harbors Investment's dividend payout ratio is currently 85.31%.

Analysts Set New Price Targets

Several brokerages have commented on TWO. Keefe, Bruyette & Woods lowered their target price on Two Harbors Investment from $13.50 to $12.95 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. StockNews.com raised Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price objective on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada upped their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Finally, JMP Securities lowered their price objective on Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.46.

Insider Activity

In other news, insider Rebecca B. Sandberg sold 2,561 shares of Two Harbors Investment stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the transaction, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

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.