Two Harbors Investments Corp $TWO Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 20.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 381,128 shares of the real estate investment trust’s stock after selling 97,353 shares during the quarter. Goldman Sachs Group Inc. owned about 0.37% of Two Harbors Investments worth $5,092,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TWO. CWM LLC grew its stake in Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 890 shares during the last quarter. Montag A & Associates Inc. grew its stake in Two Harbors Investments by 29.2% in the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,193 shares during the last quarter. Motiv8 Investments LLC grew its stake in Two Harbors Investments by 10.9% in the 1st quarter. Motiv8 Investments LLC now owns 12,142 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 1,194 shares during the last quarter. AXS Investments LLC grew its stake in Two Harbors Investments by 3.0% in the 1st quarter. AXS Investments LLC now owns 114,116 shares of the real estate investment trust’s stock valued at $1,525,000 after acquiring an additional 3,276 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Two Harbors Investments by 10.8% in the 1st quarter. Cetera Investment Advisers now owns 45,415 shares of the real estate investment trust’s stock valued at $607,000 after acquiring an additional 4,434 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investments Trading Down 1.3%

NYSE TWO opened at $9.97 on Wednesday. Two Harbors Investments Corp has a one year low of $9.49 and a one year high of $14.28. The company’s 50 day moving average price is $10.06 and its 200 day moving average price is $11.17. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -2.80 and a beta of 1.28.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. The firm had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. On average, sell-side analysts predict that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 3rd will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.36 annualized dividend and a yield of 13.6%. Two Harbors Investments’s dividend payout ratio (DPR) is -43.82%.

Insider Transactions at Two Harbors Investments

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $10.02, for a total value of $86,713.08. Following the completion of the sale, the executive owned 160,281 shares of the company’s stock, valued at $1,606,015.62. This trade represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

TWO has been the topic of a number of research reports. Maxim Group lowered their price objective on shares of Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. JMP Securities restated a “market perform” rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Citizens Jmp restated a “market perform” rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Royal Bank Of Canada reduced 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 report on Wednesday, May 28th. Finally, UBS Group reduced their target price on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.43.

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.