Massachusetts Financial Services Co. MA decreased its holdings in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,130,545 shares of the real estate investment trust's stock after selling 59,997 shares during the period. Massachusetts Financial Services Co. MA owned about 2.06% of Two Harbors Investment worth $29,572,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 2,100 shares during the last quarter. Simplify Asset Management Inc. purchased a new position in shares of Two Harbors Investment in the 3rd quarter valued at about $134,000. QRG Capital Management Inc. acquired a new stake in shares of Two Harbors Investment during the 2nd quarter valued at approximately $144,000. AQR Capital Management LLC purchased a new position in Two Harbors Investment in the 2nd quarter valued at approximately $147,000. Finally, Legacy Financial Strategies LLC purchased a new stake in Two Harbors Investment during the second quarter worth $170,000. Hedge funds and other institutional investors own 64.19% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on TWO shares. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a research note on Friday, August 16th. They set a "buy" rating and a $15.00 price target for the company. Royal Bank of Canada cut their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. JMP Securities cut their price objective on 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. Finally, Compass Point lowered their target price on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.18.
Check Out Our Latest Stock Report on Two Harbors Investment
Two Harbors Investment Trading Down 1.3 %
Two Harbors Investment stock traded down $0.15 during trading on Tuesday, hitting $11.66. The company's stock had a trading volume of 1,018,888 shares, compared to its average volume of 1,107,513. The stock's fifty day moving average is $12.56 and its 200 day moving average is $13.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investment Corp. has a 1-year low of $11.28 and a 1-year high of $14.59. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -2.42 and a beta of 1.87.
Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The company had revenue of $112.64 million for the quarter. During the same quarter in the prior year, the firm posted ($0.01) EPS. As a group, equities research analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current year.
Two Harbors Investment Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.44%. Two Harbors Investment's payout ratio is -37.34%.
About Two Harbors Investment
(
Free Report)
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.
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