Nuveen Asset Management LLC Trims Stake in Two Harbors Investment Corp. (NYSE:TWO)

Nuveen Asset Management LLC cut its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,431 shares of the real estate investment trust’s stock after selling 4,348 shares during the period. Nuveen Asset Management LLC owned about 0.23% of Two Harbors Investment worth $2,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of Two Harbors Investment by 1,052.4% in the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust’s stock worth $12,905,000 after purchasing an additional 996,188 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Two Harbors Investment by 9.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 790,316 shares of the real estate investment trust’s stock worth $9,349,000 after acquiring an additional 67,325 shares during the period. Graham Capital Management L.P. grew its position in shares of Two Harbors Investment by 30.1% during the fourth quarter. Graham Capital Management L.P. now owns 36,085 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 8,347 shares in the last quarter. Deutsche Bank AG raised its stake in Two Harbors Investment by 54.6% during the 4th quarter. Deutsche Bank AG now owns 90,474 shares of the real estate investment trust’s stock valued at $1,070,000 after purchasing an additional 31,954 shares during the period. Finally, Cetera Investment Advisers raised its stake in Two Harbors Investment by 24.6% during the 4th quarter. Cetera Investment Advisers now owns 40,981 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 8,094 shares during the period. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TWO. UBS Group increased their price objective on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods raised their target price on shares of 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. Royal Bank of Canada reduced their price target on shares of Two Harbors Investment from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 28th. Wall Street Zen cut Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.14.

Two Harbors Investment Trading Down 3.3%

Shares of NYSE TWO opened at $10.25 on Tuesday. Two Harbors Investment Corp. has a 1-year low of $10.16 and a 1-year high of $14.28. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The business’s 50 day moving average is $11.60 and its two-hundred day moving average is $12.18. The stock has a market capitalization of $1.07 billion, a P/E ratio of 4.86 and a beta of 1.33.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results 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). The company had revenue of ($20.33) million for the quarter, compared to analysts’ expectations of ($28.53) million. Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, research analysts expect that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 17.57%. Two Harbors Investment’s dividend payout ratio (DPR) is presently -352.94%.

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.