Two Harbors Investment Corp. (NYSE:TWO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,406,115 shares of the real estate investment trust's stock after selling 34,705 shares during the quarter. Geode Capital Management LLC owned 2.32% of Two Harbors Investment worth $28,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp bought a new stake in Two Harbors Investment in the 4th quarter valued at about $40,000. McIlrath & Eck LLC bought a new position in Two Harbors Investment during the third quarter valued at approximately $64,000. KBC Group NV increased its holdings in shares of Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after buying an additional 3,077 shares during the period. Motiv8 Investments LLC bought a new stake in shares of Two Harbors Investment in the fourth quarter worth about $130,000. Finally, Simplify Asset Management Inc. lifted its position in shares of Two Harbors Investment by 10.0% in the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock worth $130,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 64.19% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. JMP Securities decreased their price target 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. Keefe, Bruyette & Woods decreased their price objective on shares of Two Harbors Investment from $13.50 to $12.95 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of 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. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Two Harbors Investment has a consensus rating of "Moderate Buy" and a consensus target price of $13.46.

Two Harbors Investment Price Performance

Shares of NYSE:TWO traded down $0.11 during midday trading on Monday, reaching $10.86. 1,595,057 shares of the company were exchanged, compared to its average volume of 1,186,144. Two Harbors Investment Corp. has a one year low of $10.16 and a one year high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The business's fifty day moving average is $12.96 and its two-hundred day moving average is $12.36. The stock has a market cap of $1.13 billion, a PE ratio of 5.15 and a beta of 1.36.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly 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 return on equity of 6.52% and a net margin of 66.24%. As a group, analysts predict that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 4th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 16.57%. The ex-dividend date is Friday, April 4th. Two Harbors Investment's dividend payout ratio is presently 85.31%.

Insider Buying and Selling at Two Harbors Investment

In related news, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the transaction, the insider now owns 146,803 shares of the company's stock, valued at $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

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.