Deutsche Bank AG Raises Stock Position in Two Harbors Investment Corp. (NYSE:TWO)

Deutsche Bank AG lifted its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 54.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,474 shares of the real estate investment trust’s stock after acquiring an additional 31,954 shares during the quarter. Deutsche Bank AG owned about 0.09% of Two Harbors Investment worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TWO. Cetera Investment Advisers boosted its holdings in Two Harbors Investment by 24.6% in the 4th quarter. Cetera Investment Advisers now owns 40,981 shares of the real estate investment trust’s stock worth $485,000 after acquiring an additional 8,094 shares during the period. Balyasny Asset Management L.P. grew its holdings in Two Harbors Investment by 19.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust’s stock valued at $27,373,000 after purchasing an additional 371,436 shares in the last quarter. Bank of America Corp DE grew its holdings in Two Harbors Investment by 8.4% during the 4th quarter. Bank of America Corp DE now owns 1,170,339 shares of the real estate investment trust’s stock valued at $13,845,000 after purchasing an additional 90,875 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Two Harbors Investment during the 4th quarter worth $157,000. Finally, Ameriprise Financial Inc. lifted its holdings in Two Harbors Investment by 13.6% in the 4th quarter. Ameriprise Financial Inc. now owns 1,371,702 shares of the real estate investment trust’s stock worth $16,227,000 after buying an additional 164,452 shares in the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Stock Down 3.7%

Shares of Two Harbors Investment stock opened at $10.86 on Monday. The business has a 50-day moving average price of $11.95 and a 200 day moving average price of $12.22. Two Harbors Investment Corp. has a fifty-two week low of $10.16 and a fifty-two week high of $14.28. The firm has a market cap of $1.13 billion, a P/E ratio of 5.14 and a beta of 1.33. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The firm had revenue of ($20.33) million during the quarter, compared to the consensus estimate of ($28.53) million. Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. On average, sell-side analysts forecast that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 16.58%. Two Harbors Investment’s dividend payout ratio (DPR) is -352.94%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TWO shares. Keefe, Bruyette & Woods raised their target price on Two Harbors Investment from $12.95 to $13.25 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. UBS Group raised their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Wall Street Zen downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. JMP Securities cut their target price on 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, JPMorgan Chase & Co. reduced their target price on Two Harbors Investment from $12.50 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Two Harbors Investment presently has an average rating of “Hold” and a consensus price target of $13.29.

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.