Two Harbors Investment Corp. (NYSE:TWO) Position Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 17.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,477 shares of the real estate investment trust’s stock after selling 6,136 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Two Harbors Investment were worth $409,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 2,100 shares during the period. QRG Capital Management Inc. bought a new stake in Two Harbors Investment in the 2nd quarter valued at about $144,000. AQR Capital Management LLC acquired a new position in Two Harbors Investment during the 2nd quarter valued at about $147,000. Legacy Financial Strategies LLC bought a new position in Two Harbors Investment in the 2nd quarter worth about $170,000. Finally, Teamwork Financial Advisors LLC acquired a new stake in shares of Two Harbors Investment in the third quarter valued at approximately $173,000. 64.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TWO shares. Royal Bank of Canada reduced their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Compass Point started coverage on Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price target for the company. JPMorgan Chase & Co. cut their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 target price for the company. Finally, JMP Securities dropped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Two Harbors Investment has an average rating of “Hold” and an average target price of $14.32.

Two Harbors Investment Price Performance

Shares of Two Harbors Investment stock opened at $11.54 on Wednesday. Two Harbors Investment Corp. has a 52 week low of $11.36 and a 52 week high of $14.59. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.20 billion, a PE ratio of -2.39 and a beta of 1.87. The company’s 50-day moving average price is $13.24 and its two-hundred day moving average price is $13.18.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The business had revenue of $112.64 million during 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 prior year, the firm earned ($0.01) EPS. As a group, sell-side analysts anticipate that Two Harbors Investment Corp. will post 0.63 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 15.60%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is presently -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.