Northwestern Mutual Wealth Management Co. Acquires 2,100 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 1,680.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,225 shares of the real estate investment trust’s stock after purchasing an additional 2,100 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Two Harbors Investment were worth $29,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Financial Services LTD. lifted its holdings in Two Harbors Investment by 2.3% during the 1st quarter. Howard Financial Services LTD. now owns 39,657 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 903 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Two Harbors Investment by 5.6% in the first quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 944 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Two Harbors Investment by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock valued at $688,000 after acquiring an additional 1,000 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Two Harbors Investment by 12.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 1,798 shares during the period. Finally, Maryland State Retirement & Pension System raised its stake in Two Harbors Investment by 6.4% in the 1st quarter. Maryland State Retirement & Pension System now owns 37,189 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 2,230 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TWO shares. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 target price on shares of Two Harbors Investment in a report on Wednesday, August 28th. Compass Point began coverage on Two Harbors Investment in a report on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price objective for the company. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Sunday, October 6th. Janney Montgomery Scott started coverage on Two Harbors Investment in a research note on Friday, August 16th. They issued a “buy” rating and a $15.00 price target for the company. Finally, 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 report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.04.

Two Harbors Investment Stock Down 0.4 %

Shares of NYSE TWO opened at $12.72 on Monday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 31.02 and a beta of 1.85. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. Two Harbors Investment Corp. has a 12 month low of $9.83 and a 12 month high of $14.59. The stock has a 50-day moving average price of $13.60 and a two-hundred day moving average price of $13.17.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. The business had revenue of $115.95 million during 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 earned ($0.04) EPS. As a group, analysts forecast that Two Harbors Investment Corp. will post 0.46 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 14.15%. Two Harbors Investment’s payout ratio is presently 439.02%.

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.