Amalgamated Bank Sells 876 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Amalgamated Bank decreased its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 30,644 shares of the real estate investment trust’s stock after selling 876 shares during the period. Amalgamated Bank’s holdings in Two Harbors Investment were worth $425,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TWO. Vanguard Group Inc. grew its holdings 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 worth $154,997,000 after purchasing an additional 1,135,012 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Two Harbors Investment by 1.6% in the 3rd 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 buying an additional 84,038 shares during the period. Van ECK Associates Corp increased its position 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 valued at $11,324,000 after buying an additional 278,666 shares in the last quarter. Rhumbline Advisers raised its stake in Two Harbors Investment by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock worth $4,106,000 after buying an additional 3,408 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in Two Harbors Investment by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 227,705 shares of the real estate investment trust’s stock worth $3,008,000 after acquiring an additional 16,169 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Up 0.4 %

Two Harbors Investment stock opened at $11.61 on Friday. 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 firm’s 50-day simple moving average is $12.88 and its 200 day simple moving average is $13.13. The stock has a market cap of $1.20 billion, a PE ratio of -2.41 and a beta of 1.87.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The business had revenue of $112.64 million during the quarter. During the same period in the previous year, the company posted ($0.01) earnings per share. Research analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 15.50%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s payout ratio is -37.34%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TWO. 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. 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 for the company. Royal Bank of Canada lowered their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Compass Point began coverage on shares of Two Harbors Investment in a report on Thursday, October 3rd. They set a “buy” rating and a $15.75 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.