Geode Capital Management LLC Has $33.89 Million Position in Two Harbors Investment Corp. (NYSE:TWO)

Geode Capital Management LLC increased its stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,440,820 shares of the real estate investment trust's stock after buying an additional 48,264 shares during the quarter. Geode Capital Management LLC owned about 2.35% of Two Harbors Investment worth $33,885,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Two Harbors Investment by 1,680.0% during 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. Simplify Asset Management Inc. purchased a new position in Two Harbors Investment in the 3rd quarter valued at about $134,000. AQR Capital Management LLC acquired a new stake in shares of Two Harbors Investment during the second quarter valued at about $147,000. QRG Capital Management Inc. increased its position in shares of Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust's stock worth $168,000 after acquiring an additional 1,230 shares during the last quarter. Finally, Teamwork Financial Advisors LLC acquired a new position in shares of Two Harbors Investment in the third quarter worth about $173,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective 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. Compass Point dropped their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a research note on Monday, November 25th. StockNews.com upgraded shares of Two Harbors Investment to a "sell" rating in a research note on Thursday, December 12th. JMP Securities dropped their target price 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. Finally, Royal Bank of Canada reduced their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $13.71.

Two Harbors Investment Stock Performance

Shares of NYSE:TWO traded down $0.04 during trading on Thursday, reaching $11.80. 794,702 shares of the company's stock traded hands, compared to its average volume of 1,120,337. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50 day moving average of $11.92 and a 200-day moving average of $12.92. Two Harbors Investment Corp. has a 12 month low of $11.28 and a 12 month high of $14.31. The stock has a market capitalization of $1.22 billion, a P/E ratio of -2.45 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $112.64 million during the quarter. During the same quarter last year, the business posted ($0.01) earnings per share. On average, equities analysts expect that Two Harbors Investment Corp. will post 0.47 EPS for the current year.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 15.25%. Two Harbors Investment's dividend payout ratio is currently -37.34%.

About Two Harbors Investment

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.