State Street Corp Purchases 102,294 Shares of Two Harbors Investment Corp. (NYSE:TWO)

State Street Corp grew its stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,877,111 shares of the real estate investment trust's stock after buying an additional 102,294 shares during the period. State Street Corp owned 3.74% of Two Harbors Investment worth $53,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its holdings in Two Harbors Investment by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust's stock worth $688,000 after purchasing an additional 1,000 shares in the last quarter. TrueMark Investments LLC bought a new position in Two Harbors Investment during the second quarter worth $577,000. ARK & TLK Investments LLC acquired a new position in shares of Two Harbors Investment during the second quarter valued at about $353,000. Van ECK Associates Corp increased its position in shares of Two Harbors Investment by 48.2% during the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust's stock worth $11,324,000 after acquiring an additional 278,666 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Two Harbors Investment by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust's stock worth $4,106,000 after acquiring an additional 3,408 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Stock Performance

Shares of NYSE TWO traded down $0.01 during trading on Thursday, hitting $11.50. The company had a trading volume of 1,314,488 shares, compared to its average volume of 1,102,886. The stock has a 50 day simple moving average of $12.04 and a 200 day simple moving average of $12.96. The firm has a market capitalization of $1.19 billion, a P/E ratio of -2.39 and a beta of 1.85. 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 12 month low of $11.28 and a 12 month high of $14.54.

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). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The firm had revenue of $112.64 million during the quarter. During the same period in the previous year, the business posted ($0.01) earnings per share. As a group, analysts anticipate that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.65%. Two Harbors Investment's dividend payout ratio is -37.34%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TWO. JPMorgan Chase & Co. dropped their target price on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. JMP Securities reduced their price objective on shares of 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. Compass Point reduced their target price on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a report on Monday, November 25th. Royal Bank of Canada decreased their price target on 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. Finally, StockNews.com raised Two Harbors Investment to a "sell" rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $13.71.

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.