International Assets Investment Management LLC Buys 180,516 Shares of Two Harbors Investment Corp. (NYSE:TWO)

International Assets Investment Management LLC raised its holdings in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 1,392.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 193,478 shares of the real estate investment trust's stock after buying an additional 180,516 shares during the quarter. International Assets Investment Management LLC owned 0.19% of Two Harbors Investment worth $2,685,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in Two Harbors Investment by 1.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust's stock valued at $73,303,000 after acquiring an additional 84,038 shares in the last quarter. Teamwork Financial Advisors LLC acquired a new position in shares of Two Harbors Investment in the 3rd quarter valued at $173,000. LifePro Asset Management grew its stake in shares of Two Harbors Investment by 30.9% in the 3rd quarter. LifePro Asset Management now owns 201,792 shares of the real estate investment trust's stock valued at $2,801,000 after purchasing an additional 47,689 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Two Harbors Investment by 12.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 31,149 shares of the real estate investment trust's stock worth $432,000 after buying an additional 3,500 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake 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 in the last quarter. 64.19% of the stock is owned by institutional investors.

Two Harbors Investment Stock Performance

Shares of NYSE:TWO traded down $0.10 during trading on Friday, reaching $11.40. 1,505,612 shares of the stock were exchanged, compared to its average volume of 1,368,727. The stock has a 50-day moving average price of $13.34 and a 200-day moving average price of $13.19. The firm has a market cap of $1.18 billion, a PE ratio of -2.37 and a beta of 1.87. Two Harbors Investment Corp. has a 12 month low of $11.37 and a 12 month high of $14.59. The company has a current ratio of 1.07, a quick ratio of 1.08 and a debt-to-equity ratio of 0.80.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). The firm had revenue of $112.64 million for the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same quarter last year, the firm earned ($0.01) EPS. Research analysts expect that Two Harbors Investment Corp. will post 0.7 EPS for the current fiscal 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 paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.79%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment's dividend payout ratio is currently -37.34%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Wednesday. Compass Point assumed coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a "buy" rating and a $15.75 target price on the stock. Royal Bank of Canada lowered 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 report on Friday. JMP Securities decreased 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 report on Thursday, October 17th. Finally, StockNews.com cut Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $14.32.

Two Harbors Investment 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.