Two Harbors Investment Corp. (NYSE:TWO) Holdings Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,242 shares of the real estate investment trust’s stock after purchasing an additional 2,241 shares during the period. The Manufacturers Life Insurance Company’s holdings in Two Harbors Investment were worth $677,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TWO. AQR Capital Management LLC acquired a new position in Two Harbors Investment in the 2nd quarter worth about $147,000. Public Sector Pension Investment Board increased its holdings in shares of Two Harbors Investment by 7.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 227,705 shares of the real estate investment trust’s stock valued at $3,008,000 after acquiring an additional 16,169 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Two Harbors Investment by 21.0% during the 2nd quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust’s stock valued at $1,552,000 after acquiring an additional 20,403 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Two Harbors Investment during the 2nd quarter valued at about $180,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Two Harbors Investment during the 2nd quarter valued at about $192,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Stock Performance

TWO stock opened at $12.84 on Tuesday. The business’s 50-day moving average price is $13.60 and its two-hundred day moving average price is $13.16. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. The firm has a market cap of $1.33 billion, a PE ratio of 31.30 and a beta of 1.85. Two Harbors Investment Corp. has a 1-year low of $9.83 and a 1-year high of $14.59.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results 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 company had revenue of $115.95 million for the quarter. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. During the same quarter last year, the firm earned ($0.04) earnings per share. As a group, research analysts forecast that Two Harbors Investment Corp. will post 0.46 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 14.02%. The ex-dividend date of this dividend is Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is currently 439.02%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Janney Montgomery Scott assumed coverage on 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 upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Sunday, October 6th. JPMorgan Chase & Co. raised their target price on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. JMP Securities restated 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. Finally, Compass Point assumed coverage on Two Harbors Investment in a research report on Thursday, October 3rd. They set a “buy” rating and a $15.75 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.04.

Two Harbors Investment 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.