Thrivent Financial for Lutherans Has $2.41 Million Position in Two Harbors Investment Corp. (NYSE:TWO)

Thrivent Financial for Lutherans lessened its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,334 shares of the real estate investment trust’s stock after selling 27,700 shares during the period. Thrivent Financial for Lutherans owned approximately 0.18% of Two Harbors Investment worth $2,409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted 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 buying an additional 1,135,012 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Two Harbors Investment by 1.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,250,149 shares of the real estate investment trust’s stock valued at $69,512,000 after acquiring an additional 99,577 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Two Harbors Investment by 155.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock worth $18,516,000 after purchasing an additional 801,837 shares during the period. Van ECK Associates Corp boosted its stake in Two Harbors Investment by 48.2% in 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 purchasing an additional 278,666 shares during the period. Finally, Norges Bank bought a new position in Two Harbors Investment during the 4th quarter worth about $8,829,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investment Stock Performance

NYSE TWO opened at $13.88 on Tuesday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 7.80 and a beta of 1.86. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. The firm’s fifty day moving average price is $13.71 and its two-hundred day moving average price is $13.16. Two Harbors Investment Corp. has a 1 year low of $9.83 and a 1 year high of $14.59.

Two Harbors Investment (NYSE:TWO) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $115.95 million for the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same period in the previous year, the company posted ($0.04) earnings per share. As a group, research analysts anticipate that Two Harbors Investment Corp. will post 0.46 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 12.97%. The ex-dividend date of this dividend is Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio (DPR) is presently 101.12%.

Analyst Ratings Changes

Several research firms have recently weighed in on TWO. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price objective on shares of Two Harbors Investment in a research report on Wednesday, August 28th. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group raised shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $13.50 to $14.50 in a research report on Friday, June 7th. JPMorgan Chase & Co. raised their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Finally, Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They issued a “buy” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Two Harbors Investment presently has a consensus rating of “Hold” and an average target price of $14.90.

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.