Two Harbors Investment Corp. (NYSE:TWO) Position Trimmed by Public Sector Pension Investment Board

Public Sector Pension Investment Board lowered its stake in Two Harbors Investment Corp. (NYSE:TWO) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,805 shares of the real estate investment trust’s stock after selling 7,900 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.21% of Two Harbors Investment worth $3,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TWO. Price T Rowe Associates Inc. MD grew its position in Two Harbors Investment by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock worth $1,188,000 after purchasing an additional 5,284 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Two Harbors Investment during the second quarter valued at $144,000. SG Americas Securities LLC lifted its stake in Two Harbors Investment by 879.9% in the 2nd quarter. SG Americas Securities LLC now owns 129,227 shares of the real estate investment trust’s stock worth $1,707,000 after acquiring an additional 116,039 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Two Harbors Investment by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock worth $688,000 after acquiring an additional 1,000 shares during the period. Finally, TrueMark Investments LLC purchased a new position in Two Harbors Investment during the 2nd quarter valued at about $577,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Trading Down 0.8 %

Shares of NYSE:TWO opened at $11.78 on Wednesday. The stock’s 50-day moving average is $12.34 and its 200-day moving average is $13.03. Two Harbors Investment Corp. has a 52-week low of $11.28 and a 52-week high of $14.59. The company has a market cap of $1.22 billion, a P/E ratio of -2.44 and a beta of 1.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The company had revenue of $112.64 million for the quarter. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Equities research analysts predict that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 15.29%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s payout ratio is presently -37.34%.

Analysts Set New Price Targets

Several research firms have weighed in on TWO. JMP Securities dropped their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. Compass Point cut their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.18.

About Two Harbors Investment

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.