Algert Global LLC Sells 62,810 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Algert Global LLC reduced its position in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 53.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,590 shares of the real estate investment trust's stock after selling 62,810 shares during the period. Algert Global LLC owned approximately 0.05% of Two Harbors Investment worth $772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Two Harbors Investment by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust's stock valued at $154,997,000 after purchasing an additional 1,135,012 shares in the last quarter. Van ECK Associates Corp boosted its position in Two Harbors Investment by 48.2% in the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust's stock valued at $11,324,000 after buying an additional 278,666 shares in the last quarter. Phocas Financial Corp. bought a new stake in shares of Two Harbors Investment during the third quarter worth $3,505,000. International Assets Investment Management LLC grew its stake in shares of Two Harbors Investment by 1,392.7% during the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust's stock worth $2,685,000 after buying an additional 180,516 shares during the last quarter. Finally, LifePro Asset Management acquired a new position in shares of Two Harbors Investment during the second quarter worth $2,036,000. 64.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TWO. JMP Securities reduced their price objective on Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating on the stock in a research report on Thursday, October 17th. Janney Montgomery Scott started coverage on Two Harbors Investment in a report on Friday, August 16th. They set a "buy" rating and a $15.00 price target on the stock. Compass Point dropped their price objective on shares of 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 cut their target price 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. Finally, StockNews.com cut shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.18.

Two Harbors Investment Price Performance

Two Harbors Investment stock remained flat at $11.75 during mid-day trading on Friday. 619,361 shares of the company's stock traded hands, compared to its average volume of 1,103,803. The firm has a market capitalization of $1.22 billion, a PE ratio of -2.44 and a beta of 1.87. Two Harbors Investment Corp. has a 52-week low of $11.28 and a 52-week high of $14.59. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm's 50 day moving average price is $12.42 and its two-hundred day moving average price is $13.04.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share 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 period in the previous year, the company earned ($0.01) earnings per share. As a group, analysts forecast that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 15.32%. Two Harbors Investment's payout ratio is -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.