Two Harbors Investment Corp. (NYSE:TWO) Stock Position Reduced by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in Two Harbors Investment Corp. (NYSE:TWO) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,571,743 shares of the real estate investment trust’s stock after selling 87,042 shares during the quarter. Vanguard Group Inc. owned approximately 10.22% of Two Harbors Investment worth $147,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TWO. FNY Investment Advisers LLC bought a new stake in Two Harbors Investment during the fourth quarter valued at $40,000. Cape Investment Advisory Inc. acquired a new stake in Two Harbors Investment during the fourth quarter worth about $58,000. Montag A & Associates Inc. lifted its holdings in Two Harbors Investment by 238.4% in the fourth quarter. Montag A & Associates Inc. now owns 5,239 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 3,691 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Two Harbors Investment by 38.4% in the third quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 1,652 shares during the period. Finally, Evergreen Capital Management LLC bought a new position in shares of Two Harbors Investment during the third quarter valued at approximately $136,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Trading Down 0.3 %

Two Harbors Investment stock opened at $13.14 on Friday. Two Harbors Investment Corp. has a 12-month low of $9.83 and a 12-month high of $14.59. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $1.36 billion, a PE ratio of 7.38 and a beta of 1.86. The firm has a 50 day simple moving average of $12.92 and a 200-day simple moving average of $12.98.

Two Harbors Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 13.70%. The ex-dividend date is Friday, July 5th. Two Harbors Investment’s payout ratio is currently 101.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price objective on shares of Two Harbors Investment in a research report on Friday, June 7th. Jonestrading began coverage on shares of Two Harbors Investment in a research note on Friday, March 22nd. They set a “hold” rating for the company. Finally, UBS Group upgraded shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and raised their price target for the company from $13.50 to $14.50 in a research note on Friday, June 7th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.57.

Insider Activity

In other news, Director Stephen G. Kasnet sold 12,790 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $13.02, for a total value of $166,525.80. Following the completion of the sale, the director now owns 97,569 shares in the company, valued at $1,270,348.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Two Harbors Investment news, CFO Mary Kathryn Riskey sold 3,870 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $12.68, for a total value of $49,071.60. Following the transaction, the chief financial officer now owns 79,735 shares in the company, valued at $1,011,039.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen G. Kasnet sold 12,790 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $13.02, for a total value of $166,525.80. Following the completion of the transaction, the director now directly owns 97,569 shares in the company, valued at approximately $1,270,348.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,335 shares of company stock worth $376,316. 0.61% of the stock is owned by company insiders.

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.