Two Harbors Investment Corp. (NYSE:TWO) Holdings Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 588,436 shares of the real estate investment trust's stock after selling 100,734 shares during the period. Advisors Asset Management Inc. owned 0.57% of Two Harbors Investment worth $8,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp increased its stake in shares of Two Harbors Investment by 48.2% in the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust's stock worth $11,324,000 after acquiring an additional 278,666 shares during the period. Phocas Financial Corp. acquired a new stake in Two Harbors Investment during the third quarter valued at $3,505,000. Price T Rowe Associates Inc. MD grew its position in Two Harbors Investment by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust's stock valued at $1,188,000 after buying an additional 5,284 shares during the period. TrueMark Investments LLC acquired a new stake in Two Harbors Investment during the second quarter valued at $577,000. Finally, International Assets Investment Management LLC grew its position in Two Harbors Investment by 1,392.7% during the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust's stock valued at $2,685,000 after buying an additional 180,516 shares during the period. Hedge funds and other institutional investors own 64.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a "buy" rating and a $15.00 price target on the stock. Compass Point started coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They set a "buy" rating and a $15.75 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. StockNews.com cut shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Finally, JMP Securities dropped their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating for the company in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Two Harbors Investment presently has an average rating of "Hold" and an average price target of $14.32.

Two Harbors Investment Trading Up 0.9 %

NYSE:TWO traded up $0.10 on Thursday, reaching $11.56. The stock had a trading volume of 132,600 shares, compared to its average volume of 1,105,784. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -2.38 and a beta of 1.87. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The firm's fifty day moving average is $12.74 and its two-hundred day moving average is $13.10. Two Harbors Investment Corp. has a 12-month low of $11.28 and a 12-month high of $14.59.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). The firm had revenue of $112.64 million during the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter last year, the business posted ($0.01) EPS. Equities analysts expect that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 15.57%. Two Harbors Investment's payout ratio is -37.34%.

About Two Harbors Investment

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.