Allspring Global Investments Holdings LLC Grows Stock Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Allspring Global Investments Holdings LLC increased its position in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,281,220 shares of the real estate investment trust's stock after purchasing an additional 84,038 shares during the quarter. Allspring Global Investments Holdings LLC owned 5.10% of Two Harbors Investment worth $73,303,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in shares of Two Harbors Investment by 48.2% in the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust's stock valued at $11,324,000 after buying an additional 278,666 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Two Harbors Investment by 6.3% in the 1st 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 purchasing an additional 5,284 shares during the period. TrueMark Investments LLC purchased a new stake in Two Harbors Investment during the second quarter worth $577,000. Mirae Asset Global Investments Co. Ltd. grew its position in Two Harbors Investment by 155.4% during the first 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 buying an additional 801,837 shares during the period. Finally, LifePro Asset Management increased its holdings in Two Harbors Investment by 30.9% in the third quarter. LifePro Asset Management now owns 201,792 shares of the real estate investment trust's stock valued at $2,801,000 after buying an additional 47,689 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Janney Montgomery Scott initiated coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They set a "buy" rating and a $15.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Two Harbors Investment from $12.50 to $13.00 and gave the company a "neutral" rating in a research report on Tuesday, July 16th. JMP Securities decreased their target price on Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating on the stock in a research report on Thursday, October 17th. StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Sunday, October 6th. Finally, Compass Point started coverage on shares of Two Harbors Investment in a report on Thursday, October 3rd. They set a "buy" rating and a $15.75 price objective on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.96.

Two Harbors Investment Price Performance

NYSE TWO traded down $0.09 during trading hours on Tuesday, hitting $12.90. 657,448 shares of the company's stock traded hands, compared to its average volume of 1,079,528. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08. The firm's 50-day moving average is $13.57 and its 200-day moving average is $13.17. Two Harbors Investment Corp. has a 52-week low of $9.83 and a 52-week high of $14.59. The company has a market capitalization of $1.34 billion, a PE ratio of 31.66 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The company had revenue of $115.95 million for the quarter. During the same period last year, the firm posted ($0.04) EPS. Equities analysts forecast that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 13.96%. The ex-dividend date is Tuesday, October 1st. Two Harbors Investment's dividend payout ratio (DPR) is presently 439.02%.

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.