Two Harbors Investments Corp (NYSE:TWO) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of Two Harbors Investments Corp (NYSE:TWO) by 2.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 516,344 shares of the real estate investment trust’s stock after purchasing an additional 13,678 shares during the quarter. Principal Financial Group Inc. owned about 0.50% of Two Harbors Investments worth $6,898,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TWO. Charles Schwab Investment Management Inc. increased its stake in Two Harbors Investments by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,458 shares of the real estate investment trust’s stock valued at $18,247,000 after purchasing an additional 57,915 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Two Harbors Investments in the fourth quarter valued at approximately $172,000. Sei Investments Co. increased its stake in Two Harbors Investments by 1.3% in the fourth quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust’s stock valued at $1,656,000 after purchasing an additional 1,770 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Two Harbors Investments in the fourth quarter valued at approximately $284,000. Finally, Simplify Asset Management Inc. increased its stake in Two Harbors Investments by 10.0% in the fourth quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Stock Performance

TWO stock opened at $10.03 on Wednesday. Two Harbors Investments Corp has a 12-month low of $10.01 and a 12-month high of $14.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. The stock’s 50 day simple moving average is $10.92 and its 200 day simple moving average is $11.93. The firm has a market cap of $1.04 billion, a P/E ratio of -19.66 and a beta of 1.26.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. The business had revenue of ($20.33) million during the quarter, compared to the consensus estimate of ($28.53) million. As a group, equities research analysts predict that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 15.56%. The ex-dividend date of this dividend is Thursday, July 3rd. Two Harbors Investments’s dividend payout ratio is currently -305.88%.

Wall Street Analysts Forecast Growth

TWO has been the topic of a number of research reports. JMP Securities restated a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Royal Bank Of Canada lowered their target price on shares of Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 28th. UBS Group lowered their target price on shares of Two Harbors Investments from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, July 10th. Citizens Jmp reiterated a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Two Harbors Investments from $12.95 to $13.25 and gave the company a “market perform” rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.00.

About Two Harbors Investments

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.