International Assets Investment Management LLC Has $2.69 Million Position in Two Harbors Investment Corp. (NYSE:TWO)

International Assets Investment Management LLC increased its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 1,392.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,478 shares of the real estate investment trust’s stock after purchasing an additional 180,516 shares during the period. International Assets Investment Management LLC owned approximately 0.19% of Two Harbors Investment worth $2,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC increased its stake in Two Harbors Investment by 5.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock worth $235,000 after acquiring an additional 944 shares during the period. Louisiana State Employees Retirement System increased its stake in Two Harbors Investment by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock worth $688,000 after acquiring an additional 1,000 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in Two Harbors Investment by 12.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 1,798 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $29,000 after acquiring an additional 2,100 shares during the period. Finally, Maryland State Retirement & Pension System increased its stake in Two Harbors Investment by 6.4% during the 1st quarter. Maryland State Retirement & Pension System now owns 37,189 shares of the real estate investment trust’s stock worth $492,000 after acquiring an additional 2,230 shares during the period. Institutional investors own 64.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TWO. Royal Bank of Canada lowered their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday. JMP Securities decreased their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. JPMorgan Chase & Co. decreased their price target on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a research note on Friday, August 16th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Compass Point assumed coverage on Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.32.

Two Harbors Investment Stock Down 0.9 %

Shares of TWO opened at $11.40 on Friday. The company has a market capitalization of $1.18 billion, a PE ratio of -2.37 and a beta of 1.87. Two Harbors Investment Corp. has a 12 month low of $11.37 and a 12 month high of $14.59. The stock’s 50-day moving average price is $13.34 and its two-hundred day moving average price is $13.18. The company has a current ratio of 1.07, a quick ratio of 1.08 and a debt-to-equity ratio of 0.80.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company 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 quarter in the previous year, the firm earned ($0.01) earnings per share. On average, analysts anticipate that Two Harbors Investment Corp. will post 0.7 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.79%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is -37.34%.

Two Harbors Investment 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.