Two Harbors Investment Corp. (NYSE:TWO) Stake Lowered by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp reduced its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 84.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,615 shares of the real estate investment trust’s stock after selling 76,388 shares during the period. Texas Permanent School Fund Corp’s holdings in Two Harbors Investment were worth $180,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Howard Financial Services LTD. boosted its holdings in Two Harbors Investment by 2.3% in the first quarter. Howard Financial Services LTD. now owns 39,657 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 903 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Two Harbors Investment by 5.6% in the first quarter. Mutual of America Capital Management LLC now owns 17,779 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 944 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Two Harbors Investment by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock worth $688,000 after purchasing an additional 1,000 shares in the last quarter. Triumph Capital Management boosted its holdings in Two Harbors Investment by 7.8% in the first quarter. Triumph Capital Management now owns 23,491 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 1,696 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Two Harbors Investment by 12.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 1,798 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Stock Down 1.1 %

Shares of TWO opened at $13.94 on Monday. The company has a 50-day simple moving average of $13.73 and a 200-day simple moving average of $13.13. The firm has a market capitalization of $1.44 billion, a P/E ratio of 7.83 and a beta of 1.86. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08. Two Harbors Investment Corp. has a 52 week low of $9.83 and a 52 week high of $14.59.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $115.95 million during the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same period in the prior year, the company posted ($0.04) EPS. On average, equities research analysts expect that Two Harbors Investment Corp. will post 0.46 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 12.91%. The ex-dividend date of this dividend is Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio (DPR) is presently 101.12%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TWO. UBS Group upgraded shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.50 to $14.50 in a report on Friday, June 7th. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a “buy” rating and a $15.00 target price for the company. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Finally, JMP Securities reissued a “market outperform” rating and set a $15.00 target price on shares of Two Harbors Investment in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Two Harbors Investment presently has an average rating of “Hold” and an average price target of $14.90.

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.