Louisiana State Employees Retirement System Has $695,000 Position in Two Harbors Investment Corp. (NYSE:TWO)

Louisiana State Employees Retirement System decreased its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,100 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Two Harbors Investment were worth $695,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TWO. Northwestern Mutual Wealth Management Co. lifted its position in shares of Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,100 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Two Harbors Investment during the 2nd quarter worth approximately $144,000. AQR Capital Management LLC purchased a new position in shares of Two Harbors Investment in the 2nd quarter worth approximately $147,000. Legacy Financial Strategies LLC purchased a new position in shares of Two Harbors Investment in the 2nd quarter worth approximately $170,000. Finally, Teamwork Financial Advisors LLC purchased a new stake in shares of Two Harbors Investment during the third quarter valued at approximately $173,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Compass Point started coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 target price on the stock. Royal Bank of Canada decreased their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, JMP Securities decreased their target price on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.32.

Two Harbors Investment Price Performance

TWO stock opened at $11.40 on Tuesday. Two Harbors Investment Corp. has a fifty-two week low of $11.36 and a fifty-two week high of $14.59. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2.37 and a beta of 1.87. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.07. The business’s 50 day moving average price is $13.29 and its two-hundred day moving average price is $13.18.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The firm had revenue of $112.64 million during the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same period in the prior year, the firm posted ($0.01) EPS. As a group, analysts forecast that Two Harbors Investment Corp. will post 0.7 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 15.79%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is -37.34%.

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.