Two Harbors Investment Corp. (NYSE:TWO) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in Two Harbors Investment Corp. (NYSE:TWO) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,350 shares of the real estate investment trust’s stock after selling 892 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Two Harbors Investment were worth $699,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TWO. Van ECK Associates Corp raised its holdings in shares of Two Harbors Investment by 48.2% during 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 acquiring an additional 278,666 shares during the last quarter. Phocas Financial Corp. acquired a new position in shares of Two Harbors Investment during the third quarter valued at approximately $3,505,000. International Assets Investment Management LLC raised its holdings in shares of Two Harbors Investment by 1,392.7% during the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock valued at $2,685,000 after acquiring an additional 180,516 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Two Harbors Investment by 879.9% during the second quarter. SG Americas Securities LLC now owns 129,227 shares of the real estate investment trust’s stock valued at $1,707,000 after acquiring an additional 116,039 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Two Harbors Investment by 1.6% during 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 acquiring an additional 84,038 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TWO shares. JMP Securities reduced their target price on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research report on Thursday. Compass Point dropped their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research report on Monday, November 25th. Janney Montgomery Scott initiated coverage on Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price target 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.71.

Two Harbors Investment Trading Down 0.3 %

Shares of Two Harbors Investment stock opened at $11.84 on Friday. The firm 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 Corp. has a fifty-two week low of $11.28 and a fifty-two week high of $14.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50 day moving average of $12.13 and a 200 day moving average of $12.98.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 period last year, the firm earned ($0.01) EPS. As a group, research analysts predict that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 15.20%. Two Harbors Investment’s payout ratio is -37.34%.

Two Harbors Investment Company 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.