Nisa Investment Advisors LLC Lowers Holdings in Two Harbors Investments Corp $TWO

Nisa Investment Advisors LLC decreased its holdings in Two Harbors Investments Corp (NYSE:TWO) by 57.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,887 shares of the real estate investment trust’s stock after selling 24,351 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Two Harbors Investments were worth $193,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AlphaQuest LLC grew its holdings in Two Harbors Investments by 240.4% in the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 2,380 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Two Harbors Investments by 1.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,240,983 shares of the real estate investment trust’s stock valued at $57,074,000 after buying an additional 88,518 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Two Harbors Investments in the 2nd quarter valued at about $141,000. GraniteShares Advisors LLC grew its holdings in Two Harbors Investments by 6.7% in the 2nd quarter. GraniteShares Advisors LLC now owns 237,660 shares of the real estate investment trust’s stock valued at $2,560,000 after buying an additional 14,850 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in Two Harbors Investments by 7.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 61,857 shares of the real estate investment trust’s stock valued at $666,000 after buying an additional 4,409 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TWO. Maxim Group lowered their price target on Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, July 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a report on Wednesday, October 8th. UBS Group decreased their target price on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. Wall Street Zen upgraded Two Harbors Investments from a “sell” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.36.

Insiders Place Their Bets

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $10.02, for a total value of $86,713.08. Following the completion of the transaction, the executive owned 160,281 shares in the company, valued at $1,606,015.62. This represents a 5.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Two Harbors Investments Stock Down 0.8%

NYSE TWO opened at $9.65 on Tuesday. The stock has a market cap of $1.00 billion, a PE ratio of -3.86 and a beta of 1.28. Two Harbors Investments Corp has a fifty-two week low of $9.30 and a fifty-two week high of $14.28. The business has a 50 day moving average price of $9.88 and a two-hundred day moving average price of $10.43. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.13.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of ($23.50) million during the quarter. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%. As a group, sell-side analysts predict that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Shareholders of record on Friday, October 3rd were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 14.1%. The ex-dividend date was Friday, October 3rd. Two Harbors Investments’s dividend payout ratio is currently -54.40%.

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.