Texas Permanent School Fund Corp Has $180,000 Stock Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Texas Permanent School Fund Corp lessened its holdings in Two Harbors Investment Corp. (NYSE:TWO) by 84.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,615 shares of the real estate investment trust’s stock after selling 76,388 shares during the period. Texas Permanent School Fund Corp’s holdings in Two Harbors Investment were worth $180,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TWO. Cape Investment Advisory Inc. bought a new stake in Two Harbors Investment during the fourth quarter worth about $58,000. PNC Financial Services Group Inc. grew its stake in Two Harbors Investment by 38.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 2,306 shares during the last quarter. QRG Capital Management Inc. bought a new stake in Two Harbors Investment during the second quarter worth about $144,000. Aigen Investment Management LP bought a new stake in Two Harbors Investment during the fourth quarter worth about $169,000. Finally, Legacy Financial Strategies LLC bought a new stake in Two Harbors Investment during the second quarter worth about $170,000. 64.19% of the stock is owned by institutional investors.

Two Harbors Investment Trading Down 1.1 %

Shares of NYSE TWO opened at $13.94 on Monday. The company’s 50 day simple moving average is $13.73 and its 200 day simple moving average is $13.13. Two Harbors Investment Corp. has a fifty-two week low of $9.83 and a fifty-two week high of $14.59. The firm has a market capitalization of $1.44 billion, a P/E ratio of 7.83 and a beta of 1.86. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. The business had revenue of $115.95 million for the quarter. During the same quarter in the prior year, the company earned ($0.04) earnings per share. On average, analysts predict that Two Harbors Investment Corp. will post 0.46 EPS for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 12.91%. Two Harbors Investment’s dividend payout ratio is currently 101.12%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group raised shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.50 to $14.50 in a research note on Friday, June 7th. StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Friday. Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Finally, JMP Securities reissued a “market outperform” rating and set a $15.00 price target on shares of Two Harbors Investment in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.90.

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.