UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 30,229 Shares of Two Harbors Investment Corp. (NYSE:TWO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Two Harbors Investment Corp. (NYSE:TWO) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,135 shares of the real estate investment trust’s stock after selling 30,229 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Two Harbors Investment worth $1,374,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings 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 valued at $39,000 after acquiring an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment during the fourth quarter worth $40,000. KBC Group NV raised its stake in Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 3,077 shares during the last quarter. Wolverine Trading LLC lifted its holdings in Two Harbors Investment by 866.3% in the fourth quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 9,443 shares during the period. Finally, Motiv8 Investments LLC bought a new stake in Two Harbors Investment during the fourth quarter valued at $130,000. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Price Performance

NYSE:TWO opened at $10.66 on Monday. Two Harbors Investment Corp. has a 52-week low of $10.16 and a 52-week high of $14.28. The stock has a fifty day moving average of $11.38 and a 200 day moving average of $12.16. 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 firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 5.05 and a beta of 1.27.

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). The company had revenue of ($20.33) million during the quarter, compared to the consensus estimate of ($28.53) million. Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. On average, research analysts expect that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th were paid 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 16.89%. Two Harbors Investment’s dividend payout ratio (DPR) is currently -352.94%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TWO shares. JMP Securities lowered their price objective on Two Harbors Investment from $14.00 to $13.50 and set a “market outperform” rating for the company in a research report on Thursday, April 17th. Wall Street Zen downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a report 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. Royal Bank of Canada cut their price objective on Two Harbors Investment from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods upped their price objective 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.14.

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.