Two Harbors Investment Corp. (NYSE:TWO) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,130,545 shares of the real estate investment trust’s stock after selling 59,997 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Two Harbors Investment were worth $29,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Two Harbors Investment by 10.7% in the first 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 during the period. Allspring Global Investments Holdings LLC increased its stake in Two Harbors Investment by 1.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock valued at $73,303,000 after purchasing an additional 84,038 shares during the period. Van ECK Associates Corp increased its stake 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 purchasing an additional 278,666 shares during the period. Rhumbline Advisers increased its stake in Two Harbors Investment by 1.1% in the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock valued at $4,106,000 after purchasing an additional 3,408 shares during the period. Finally, Phocas Financial Corp. acquired a new position in Two Harbors Investment in the third quarter valued at $3,505,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on TWO. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Royal Bank of Canada dropped their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Compass Point lowered their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, JMP Securities lowered their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.18.

Two Harbors Investment Stock Up 0.6 %

TWO stock opened at $11.81 on Tuesday. The company has a market cap of $1.22 billion, a P/E ratio of -2.45 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’s 50-day moving average price is $12.61 and its 200 day moving average price is $13.07. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data 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 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 prior year, the company posted ($0.01) earnings per share. On average, research analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share 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. Investors of record on Tuesday, October 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.24%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is currently -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.