KLP Kapitalforvaltning AS Sells 4,900 Shares of Two Harbors Investments Corp (NYSE:TWO)

KLP Kapitalforvaltning AS lessened its stake in Two Harbors Investments Corp (NYSE:TWO) by 20.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,114 shares of the real estate investment trust’s stock after selling 4,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Two Harbors Investments were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Millennium Management LLC grew its stake in shares of Two Harbors Investments by 1,052.4% during the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust’s stock valued at $12,905,000 after purchasing an additional 996,188 shares during the last quarter. Invesco Ltd. lifted its holdings in Two Harbors Investments 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 buying an additional 478,958 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Two Harbors Investments by 19.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust’s stock valued at $27,373,000 after buying an additional 371,436 shares during the last quarter. Vanguard Group Inc. increased its stake 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 buying an additional 329,762 shares during the period. Finally, Norges Bank acquired a new stake in shares of Two Harbors Investments in the 4th quarter valued at $3,898,000. 64.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TWO has been the topic of several research reports. Maxim Group cut their price target on Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday. Wall Street Zen downgraded shares of Two Harbors Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. UBS Group lowered their price target on shares of Two Harbors Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, July 10th. JMP Securities reissued a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Two Harbors Investments has a consensus rating of “Hold” and an average price target of $12.88.

Two Harbors Investments Stock Down 2.1%

Shares of NYSE TWO opened at $9.74 on Friday. Two Harbors Investments Corp has a 52-week low of $9.73 and a 52-week high of $14.28. The stock has a market cap of $1.01 billion, a P/E ratio of -2.73 and a beta of 1.26. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.05 and a current ratio of 1.07. The firm has a 50 day moving average price of $10.52 and a 200 day moving average price of $11.82.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. The business had revenue of ($18.12) million during the quarter, compared to analyst estimates of ($23.29) million. Analysts expect that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 16.0%. The ex-dividend date of this dividend was Thursday, July 3rd. Two Harbors Investments’s payout ratio is currently -43.82%.

Two Harbors Investments 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.