Wolverine Asset Management LLC boosted its stake in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 29.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,397 shares of the real estate investment trust's stock after purchasing an additional 157,276 shares during the quarter. Wolverine Asset Management LLC owned about 0.67% of Two Harbors Investment worth $8,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Two Harbors Investment by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust's stock worth $64,158,000 after acquiring an additional 69,725 shares during the last quarter. State Street Corp increased its holdings in Two Harbors Investment by 2.7% in the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust's stock valued at $53,814,000 after buying an additional 102,294 shares in the last quarter. Geode Capital Management LLC raised its holdings in Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust's stock worth $33,885,000 after purchasing an additional 48,264 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Two Harbors Investment by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust's stock valued at $20,605,000 after buying an additional 33,852 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Two Harbors Investment by 20.2% during the fourth quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust's stock valued at $10,564,000 after purchasing an additional 149,870 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on TWO shares. Compass Point lowered their price target on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating on the stock in a research note on Monday, November 25th. StockNews.com upgraded Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. JMP Securities restated a "market outperform" rating and set a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada raised their price objective on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.96.
View Our Latest Stock Report on TWO
Insider Activity
In other news, CIO Nicholas Letica sold 5,737 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total transaction of $64,713.36. Following the transaction, the executive now directly owns 168,935 shares of the company's stock, valued at $1,905,586.80. This represents a 3.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rebecca B. Sandberg sold 5,025 shares of the company's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $56,330.25. Following the transaction, the insider now owns 156,163 shares in the company, valued at $1,750,587.23. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,136 shares of company stock valued at $377,154. Insiders own 0.61% of the company's stock.
Two Harbors Investment Stock Up 0.8 %
Shares of Two Harbors Investment stock traded up $0.11 during trading on Tuesday, hitting $13.92. 508,248 shares of the stock were exchanged, compared to its average volume of 1,250,500. Two Harbors Investment Corp. has a 12-month low of $10.84 and a 12-month high of $14.27. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 6.59 and a beta of 1.84. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The firm's 50-day moving average price is $12.24 and its 200 day moving average price is $12.62.
Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, analysts forecast that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.
Two Harbors Investment Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Friday, January 3rd were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 12.93%. Two Harbors Investment's dividend payout ratio (DPR) is 85.31%.
Two Harbors Investment Profile
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Free Report)
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.
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