Two Harbors Investment Corp. (NYSE:TWO) Position Reduced by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,266 shares of the real estate investment trust’s stock after selling 1,084 shares during the period. The Manufacturers Life Insurance Company’s holdings in Two Harbors Investment were worth $583,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Securities LLC bought a new stake in Two Harbors Investment during the fourth quarter worth approximately $250,000. MetLife Investment Management LLC raised its holdings in Two Harbors Investment by 4.0% during the fourth quarter. MetLife Investment Management LLC now owns 62,030 shares of the real estate investment trust’s stock worth $734,000 after purchasing an additional 2,384 shares in the last quarter. Zacks Investment Management bought a new stake in Two Harbors Investment during the fourth quarter worth approximately $1,908,000. Barclays PLC raised its holdings in Two Harbors Investment by 5.8% during the fourth quarter. Barclays PLC now owns 182,501 shares of the real estate investment trust’s stock worth $2,159,000 after purchasing an additional 9,944 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in Two Harbors Investment by 818.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 2,963 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Trading Down 0.5%

NYSE TWO opened at $11.99 on Friday. Two Harbors Investment Corp. has a twelve month low of $10.16 and a twelve month high of $14.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 5.68 and a beta of 1.33. The firm’s 50 day moving average price is $12.17 and its two-hundred day moving average price is $12.22.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. The firm had revenue of ($20.33) million for the quarter, compared to analysts’ expectations of ($28.53) million. Equities analysts anticipate that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Friday, April 4th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 15.02%. The ex-dividend date of this dividend was Friday, April 4th. Two Harbors Investment’s payout ratio is presently -352.94%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Two Harbors Investment from $12.95 to $13.25 and gave the stock a “market perform” rating in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. UBS Group lifted their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. JMP Securities decreased their price target 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, April 17th. Finally, StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. One 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 stock. According to data from MarketBeat, Two Harbors Investment presently has a consensus rating of “Hold” and an average target price of $13.29.

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.