Two Harbors Investment Corp. (NYSE:TWO) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 55.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,374 shares of the real estate investment trust's stock after selling 100,960 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Two Harbors Investment worth $1,129,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 2,100 shares in the last quarter. Simplify Asset Management Inc. bought a new position in shares of Two Harbors Investment during the third quarter valued at approximately $134,000. QRG Capital Management Inc. purchased a new position in Two Harbors Investment during the second quarter valued at approximately $144,000. AQR Capital Management LLC bought a new position in Two Harbors Investment in the second quarter worth approximately $147,000. Finally, Legacy Financial Strategies LLC bought a new stake in Two Harbors Investment during the 2nd quarter valued at $170,000. Hedge funds and other institutional investors own 64.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TWO. Compass Point reduced their price target on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a research 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 note on Friday, November 1st. StockNews.com lowered shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Finally, JMP Securities decreased their price target on 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $14.18.

Two Harbors Investment Price Performance

TWO stock traded up $0.12 during midday trading on Monday, reaching $11.87. The stock had a trading volume of 844,445 shares, compared to its average volume of 1,102,887. The company's fifty day simple moving average is $12.38 and its 200 day simple moving average is $13.03. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -2.46 and a beta of 1.87. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment Corp. has a 52-week low of $11.28 and a 52-week high of $14.59.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The business had revenue of $112.64 million during the quarter. During the same period last year, the firm posted ($0.01) EPS. As a group, sell-side analysts predict that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.16%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment's dividend payout ratio (DPR) is currently -37.34%.

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.