State Street Corp Purchases 102,294 Shares of Two Harbors Investment Corp. (NYSE:TWO)

State Street Corp grew its holdings in Two Harbors Investment Corp. (NYSE:TWO) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,877,111 shares of the real estate investment trust’s stock after purchasing an additional 102,294 shares during the period. State Street Corp owned approximately 3.74% of Two Harbors Investment worth $53,814,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Beck Capital Management LLC bought a new position in shares of Two Harbors Investment in the third quarter worth about $194,000. Verition Fund Management LLC bought a new position in shares of Two Harbors Investment during the third quarter valued at $217,000. Penserra Capital Management LLC raised its position in Two Harbors Investment by 16.2% during the 3rd quarter. Penserra Capital Management LLC now owns 99,191 shares of the real estate investment trust’s stock worth $1,376,000 after purchasing an additional 13,850 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Two Harbors Investment by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock worth $20,605,000 after acquiring an additional 33,852 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Two Harbors Investment by 149.6% in the 3rd quarter. Intech Investment Management LLC now owns 33,987 shares of the real estate investment trust’s stock worth $472,000 after purchasing an additional 20,372 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TWO. Compass Point dropped their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. JMP Securities cut their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research report on Thursday, October 17th. Finally, Royal Bank of Canada decreased their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.71.

Two Harbors Investment Stock Down 2.5 %

Shares of NYSE:TWO opened at $11.51 on Thursday. The business’s 50 day moving average is $12.04 and its 200 day moving average is $12.96. Two Harbors Investment Corp. has a 12-month low of $11.28 and a 12-month high of $14.54. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -2.39 and a beta of 1.85. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80.

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 (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The firm had revenue of $112.64 million during the quarter. During the same period last year, the firm posted ($0.01) EPS. On average, sell-side analysts forecast that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

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.