International Assets Investment Management LLC Lowers Stock Position in Two Harbors Investment Corp. (NYSE:TWO)

International Assets Investment Management LLC trimmed its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 93.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,645 shares of the real estate investment trust’s stock after selling 180,833 shares during the quarter. International Assets Investment Management LLC’s holdings in Two Harbors Investment were worth $152,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in Two Harbors Investment by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock valued at $3,583,000 after acquiring an additional 3,391 shares in the last quarter. McIlrath & Eck LLC bought a new stake in Two Harbors Investment during the third quarter valued at about $64,000. Geode Capital Management LLC grew its stake in Two Harbors Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after purchasing an additional 48,264 shares during the last quarter. Barclays PLC raised its holdings in Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after purchasing an additional 133,869 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Two Harbors Investment by 2.7% during the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock valued at $53,814,000 after buying an additional 102,294 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Performance

Shares of TWO opened at $11.34 on Wednesday. The stock has a 50-day moving average of $11.69 and a two-hundred day moving average of $12.76. 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 stock has a market cap of $1.18 billion, a P/E ratio of -2.35 and a beta of 1.83. Two Harbors Investment Corp. has a one year low of $10.84 and a one year high of $14.27.

Two Harbors Investment (NYSE:TWO) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $112.64 million during the quarter. During the same quarter in the prior year, the company posted ($0.01) EPS. As a group, research analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.87%. Two Harbors Investment’s payout ratio is currently -37.34%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TWO shares. Compass Point cut their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. JMP Securities cut their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. 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. Royal Bank of Canada dropped their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.71.

Insider Buying and Selling

In related news, insider Rebecca B. Sandberg sold 3,785 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.14, for a total transaction of $42,164.90. Following the sale, the insider now directly owns 152,378 shares of the company’s stock, valued at $1,697,490.92. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Nicholas Letica sold 6,040 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the transaction, the executive now directly owns 174,672 shares of the company’s stock, valued at $1,944,099.36. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,973 shares of company stock valued at $223,149 over the last 90 days. Insiders own 0.61% of the company’s stock.

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.