Two Harbors Investment Corp. (NYSE:TWO) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Two Harbors Investment Corp. (NYSE:TWO) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,440,820 shares of the real estate investment trust’s stock after acquiring an additional 48,264 shares during the quarter. Geode Capital Management LLC’s holdings in Two Harbors Investment were worth $33,885,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in shares of Two Harbors Investment by 2.0% during the second 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. TrueMark Investments LLC acquired a new position in Two Harbors Investment during the 2nd quarter worth approximately $577,000. Van ECK Associates Corp raised its stake in shares of Two Harbors Investment by 48.2% during the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock worth $11,324,000 after buying an additional 278,666 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Two Harbors Investment by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock valued at $4,106,000 after buying an additional 3,408 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Two Harbors Investment by 9.5% in the second quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock valued at $382,000 after buying an additional 2,519 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Performance

Two Harbors Investment stock opened at $11.84 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investment Corp. has a fifty-two week low of $11.28 and a fifty-two week high of $14.31. The stock has a fifty day moving average of $11.95 and a two-hundred day moving average of $12.93. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.46 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The firm had revenue of $112.64 million during the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter last year, the business posted ($0.01) EPS. On average, analysts anticipate that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be given a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 15.20%. Two Harbors Investment’s dividend payout ratio (DPR) is currently -37.34%.

Analyst Upgrades and Downgrades

TWO has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. 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 research report on Monday, November 25th. JMP Securities dropped their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note on Thursday, October 17th. Finally, 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 report on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.71.

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.