Alliancebernstein L.P. Raises Stock Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Alliancebernstein L.P. boosted its stake in Two Harbors Investment Corp. (NYSE:TWO) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,185 shares of the real estate investment trust’s stock after purchasing an additional 9,090 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Two Harbors Investment worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of Two Harbors Investment by 2.0% during the 3rd 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 buying an additional 48,264 shares in the last quarter. Barclays PLC raised its position in Two Harbors Investment by 346.0% during the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after purchasing an additional 133,869 shares in the last quarter. Van ECK Associates Corp lifted its stake in Two Harbors Investment by 20.2% during the fourth quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock worth $10,564,000 after purchasing an additional 149,870 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Two Harbors Investment by 97.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust’s stock worth $687,000 after purchasing an additional 28,607 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 3,391 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Stock Up 1.4 %

TWO stock opened at $10.97 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. Two Harbors Investment Corp. has a 1-year low of $10.16 and a 1-year high of $14.28. The stock has a market capitalization of $1.14 billion, a P/E ratio of 5.20 and a beta of 1.36. The business has a fifty day moving average price of $13.00 and a 200-day moving average price of $12.39.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. Equities analysts forecast that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 16.42%. The ex-dividend date is Friday, April 4th. Two Harbors Investment’s dividend payout ratio (DPR) is presently 85.31%.

Insider Buying and Selling

In other news, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $12.96, for a total value of $33,190.56. Following the completion of the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JMP Securities cut their target price on Two Harbors Investment from $14.00 to $13.50 and set a “market outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Two Harbors Investment from $12.50 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Royal Bank of Canada raised their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods cut their target price on Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Two Harbors Investment has a consensus rating of “Moderate Buy” and an average price target of $13.46.

About Two Harbors Investment

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.