Allspring Global Investments Holdings LLC Decreases Stock Position in Two Harbors Investments Corp $TWO

Allspring Global Investments Holdings LLC decreased its position in Two Harbors Investments Corp (NYSE:TWO) by 58.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,761,802 shares of the real estate investment trust’s stock after selling 2,441,575 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.69% of Two Harbors Investments worth $18,640,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Two Harbors Investments during the 3rd quarter valued at $25,000. Quarry LP grew its stake in shares of Two Harbors Investments by 695.6% during the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,991 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Two Harbors Investments during the third quarter worth about $42,000. CWM LLC lifted its stake in shares of Two Harbors Investments by 456.0% in the third quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 4,482 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Two Harbors Investments by 62.0% in the third quarter. PNC Financial Services Group Inc. now owns 7,890 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 3,019 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Maxim Group lowered Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday, December 18th. Compass Point lowered Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Friday, March 27th. UBS Group downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $11.00 to $14.00 in a research report on Friday, January 23rd. Zacks Research downgraded Two Harbors Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.88.

Two Harbors Investments Price Performance

NYSE TWO opened at $11.10 on Friday. The company has a 50-day moving average price of $10.89 and a two-hundred day moving average price of $10.57. Two Harbors Investments Corp has a 52 week low of $8.78 and a 52 week high of $14.17. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -2.27 and a beta of 1.08. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Two Harbors Investments had a negative net margin of 109.90% and a positive return on equity of 12.00%. The business had revenue of $182.18 million for the quarter, compared to the consensus estimate of ($15.44) million. Analysts forecast that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Thursday, April 2nd. Two Harbors Investments’s dividend payout ratio is currently -27.81%.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.