Bank of New York Mellon Corp Has $9.95 Million Position in Two Harbors Investments Corp (NYSE:TWO)

Bank of New York Mellon Corp lessened its position in Two Harbors Investments Corp (NYSE:TWO) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 744,820 shares of the real estate investment trust’s stock after selling 2,165 shares during the period. Bank of New York Mellon Corp owned approximately 0.72% of Two Harbors Investments worth $9,951,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TWO. Raymond James Financial Inc. bought a new position in Two Harbors Investments in the fourth quarter valued at $172,000. Sei Investments Co. grew its position in shares of Two Harbors Investments by 1.3% in the 4th quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust’s stock valued at $1,656,000 after acquiring an additional 1,770 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Two Harbors Investments in the 4th quarter valued at about $284,000. LPL Financial LLC grew its position in shares of Two Harbors Investments by 18.8% in the 4th quarter. LPL Financial LLC now owns 117,994 shares of the real estate investment trust’s stock valued at $1,396,000 after acquiring an additional 18,682 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Two Harbors Investments by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock valued at $135,928,000 after acquiring an additional 329,762 shares during the period. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

Shares of NYSE:TWO opened at $9.93 on Tuesday. The firm has a 50 day moving average of $10.82 and a 200-day moving average of $11.90. The stock has a market capitalization of $1.03 billion, a PE ratio of 13.34 and a beta of 1.26. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. Two Harbors Investments Corp has a 12 month low of $9.76 and a 12 month high of $14.28.

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

Two Harbors Investments Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 15.72%. The ex-dividend date is Thursday, July 3rd. Two Harbors Investments’s payout ratio is -305.88%.

Analyst Upgrades and Downgrades

TWO has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Two Harbors Investments from $12.95 to $13.25 and gave the stock a “market perform” rating in a research note on Wednesday, April 30th. Citizens Jmp restated a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. JMP Securities restated a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Wall Street Zen cut shares of Two Harbors Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada dropped their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 28th. 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’s stock. Based on data from MarketBeat.com, Two Harbors Investments presently has an average rating of “Hold” and an average price target of $13.00.

Two Harbors Investments 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.