Invesco Ltd. Grows Stock Position in Two Harbors Investment Corp. (NYSE:TWO)

Invesco Ltd. increased its holdings in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,154,757 shares of the real estate investment trust's stock after acquiring an additional 478,958 shares during the quarter. Invesco Ltd. owned approximately 2.08% of Two Harbors Investment worth $25,491,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Two Harbors Investment by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust's stock worth $135,928,000 after purchasing an additional 329,762 shares in the last quarter. Norges Bank acquired a new position in Two Harbors Investment during the 4th quarter valued at approximately $3,898,000. GraniteShares Advisors LLC purchased a new position in Two Harbors Investment in the 4th quarter worth $2,476,000. JPMorgan Chase & Co. boosted its holdings in shares of Two Harbors Investment by 63.1% in the 4th quarter. JPMorgan Chase & Co. now owns 420,923 shares of the real estate investment trust's stock valued at $4,980,000 after acquiring an additional 162,781 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in Two Harbors Investment by 29.3% during the fourth quarter. Wolverine Asset Management LLC now owns 694,397 shares of the real estate investment trust's stock worth $8,215,000 after acquiring an additional 157,276 shares during the period. 64.19% of the stock is owned by institutional investors.

Insider Activity

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the sale, the insider now owns 146,803 shares in the company, valued at approximately $1,902,566.88. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company's stock.

Two Harbors Investment Stock Performance

Shares of TWO traded up $0.06 during mid-day trading on Thursday, hitting $11.44. 287,636 shares of the company's stock were exchanged, compared to its average volume of 1,187,429. The firm has a market capitalization of $1.19 billion, a P/E ratio of 5.41 and a beta of 1.36. Two Harbors Investment Corp. has a fifty-two week low of $10.16 and a fifty-two week high of $14.28. The business's 50 day moving average is $12.83 and its two-hundred day moving average is $12.33. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. On average, equities analysts expect that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 15.73%. The ex-dividend date is Friday, April 4th. Two Harbors Investment's dividend payout ratio (DPR) is currently 85.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com raised Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. JMP Securities decreased their price target on Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada boosted their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods dropped their price objective on shares of Two Harbors Investment from $13.50 to $12.95 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $13.46.

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.