State of Alaska Department of Revenue Lowers Position in Two Harbors Investment Corp. (NYSE:TWO)

State of Alaska Department of Revenue cut its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,133 shares of the real estate investment trust’s stock after selling 1,631 shares during the quarter. State of Alaska Department of Revenue’s holdings in Two Harbors Investment were worth $820,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,100 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Two Harbors Investment during the 2nd quarter valued at $144,000. AQR Capital Management LLC purchased a new stake in shares of Two Harbors Investment during the 2nd quarter valued at $147,000. Teamwork Financial Advisors LLC purchased a new stake in shares of Two Harbors Investment during the 3rd quarter valued at $173,000. Finally, Legacy Financial Strategies LLC purchased a new stake in shares of Two Harbors Investment during the 2nd quarter valued at $170,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Stock Up 1.2 %

TWO stock opened at $11.54 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.20 billion, a PE ratio of -2.39 and a beta of 1.87. Two Harbors Investment Corp. has a twelve month low of $11.36 and a twelve month high of $14.59. The stock has a 50-day simple moving average of $13.24 and a two-hundred day simple moving average of $13.18.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The company had revenue of $112.64 million for 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 period in the previous year, the firm earned ($0.01) earnings per share. On average, equities analysts predict that Two Harbors Investment Corp. will post 0.63 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 15.60%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s payout ratio is -37.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TWO shares. Janney Montgomery Scott started coverage on Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 price objective for the company. JMP Securities decreased their price objective 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. Compass Point started 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 lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.32.

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.