Geode Capital Management LLC Trims Stake in Two Harbors Investment Corp. (NYSE:TWO)

Geode Capital Management LLC lessened its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,406,115 shares of the real estate investment trust’s stock after selling 34,705 shares during the quarter. Geode Capital Management LLC owned approximately 2.32% of Two Harbors Investment worth $28,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TWO. Vanguard Group Inc. raised its stake in Two Harbors Investment by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock worth $135,928,000 after acquiring an additional 329,762 shares during the period. Norges Bank purchased a new stake in shares of Two Harbors Investment in the fourth quarter worth $3,898,000. GraniteShares Advisors LLC bought a new stake in shares of Two Harbors Investment during the 4th quarter valued at $2,476,000. JPMorgan Chase & Co. raised its position in shares of Two Harbors Investment by 63.1% during the 4th quarter. JPMorgan Chase & Co. now owns 420,923 shares of the real estate investment trust’s stock valued at $4,980,000 after purchasing an additional 162,781 shares during the period. Finally, Wolverine Asset Management LLC lifted its stake in shares of Two Harbors Investment by 29.3% during the 4th quarter. Wolverine Asset Management LLC now owns 694,397 shares of the real estate investment trust’s stock valued at $8,215,000 after buying an additional 157,276 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Insider Buying and Selling at Two Harbors Investment

In other news, insider Rebecca B. Sandberg sold 2,561 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction 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 approximately $1,902,566.88. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Two Harbors Investment Price Performance

Two Harbors Investment stock opened at $10.97 on Friday. Two Harbors Investment Corp. has a 52-week low of $10.16 and a 52-week high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The firm’s fifty day moving average is $13.00 and its 200 day moving average is $12.39. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 5.20 and a beta of 1.36.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data 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%. Sell-side analysts forecast that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.