Rhumbline Advisers Has $3.99 Million Stake in Two Harbors Investment Corp. (NYSE:TWO)

Rhumbline Advisers decreased its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,321 shares of the real estate investment trust’s stock after selling 11,327 shares during the period. Rhumbline Advisers owned 0.29% of Two Harbors Investment worth $3,986,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position 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 last quarter. Allspring Global Investments Holdings LLC lifted its position in Two Harbors Investment by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock worth $64,158,000 after acquiring an additional 69,725 shares during the last quarter. Balyasny Asset Management L.P. lifted its position 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 worth $27,373,000 after acquiring an additional 371,436 shares during the last quarter. Invesco Ltd. lifted its position in Two Harbors Investment by 28.6% during the 4th quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust’s stock worth $25,491,000 after acquiring an additional 478,958 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Two Harbors Investment by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,458 shares of the real estate investment trust’s stock worth $18,247,000 after acquiring an additional 57,915 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Stock Performance

NYSE TWO opened at $10.79 on Friday. The stock has a market cap of $1.12 billion, a P/E ratio of 5.11 and a beta of 1.27. The company’s 50-day simple moving average is $11.28 and its 200 day simple moving average is $12.12. Two Harbors Investment Corp. has a twelve month low of $10.16 and a twelve month 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.

Two Harbors Investment (NYSE:TWO) last posted its 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 business 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%. As a group, research 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. Investors of record on Friday, April 4th were paid a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 16.69%. Two Harbors Investment’s payout ratio is currently -352.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TWO shares. UBS Group boosted their target price 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 cut their price objective on shares of 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. JPMorgan Chase & Co. cut their price objective 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, April 16th. Royal Bank of Canada cut their price objective on shares of Two Harbors Investment from $13.00 to $12.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Two Harbors Investment from $12.95 to $13.25 and gave the company a “market perform” rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.14.

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.