Two Harbors Investment Corp. (NYSE:TWO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 69.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,073 shares of the real estate investment trust's stock after selling 90,154 shares during the quarter. SG Americas Securities LLC's holdings in Two Harbors Investment were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TWO. Van ECK Associates Corp raised its position in 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 valued at $11,324,000 after purchasing an additional 278,666 shares during the period. HighPoint Advisor Group LLC purchased a new stake in shares of Two Harbors Investment in the 4th quarter valued at $520,000. Price T Rowe Associates Inc. MD lifted its stake in Two Harbors Investment by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust's stock worth $1,188,000 after acquiring an additional 5,284 shares in the last quarter. TrueMark Investments LLC purchased a new position in Two Harbors Investment during the 2nd quarter valued at about $577,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Two Harbors Investment by 155.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust's stock valued at $18,516,000 after acquiring an additional 801,837 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Stock Up 1.9 %

Shares of TWO stock traded up $0.24 on Wednesday, reaching $13.17. 1,018,694 shares of the stock were exchanged, compared to its average volume of 1,082,152. Two Harbors Investment Corp. has a twelve month low of $9.83 and a twelve month high of $14.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 7.38 and a beta of 1.85. The business's 50 day moving average price is $13.59 and its 200 day moving average price is $13.16.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. The business had revenue of $115.95 million for the quarter. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. During the same period last year, the business posted ($0.04) EPS. As a group, sell-side analysts expect that Two Harbors Investment Corp. will post 0.46 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.67%. The ex-dividend date is Tuesday, October 1st. Two Harbors Investment's payout ratio is 101.12%.

Wall Street Analyst Weigh In

TWO has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 16th. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They issued a "buy" rating and a $15.00 price target for the company. Compass Point started coverage on Two Harbors Investment in a research report on Thursday, October 3rd. They set a "buy" rating and a $15.75 price objective on the stock. StockNews.com upgraded Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Sunday, October 6th. Finally, JMP Securities reissued a "market outperform" rating and set a $15.00 target price on shares of Two Harbors Investment in a research note on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Two Harbors Investment has an average rating of "Moderate Buy" and an average price target of $15.04.

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.