Mutual of America Capital Management LLC Trims Stake in Two Harbors Investment Corp. (NYSE:TWO)

Mutual of America Capital Management LLC lessened its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 8.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,586 shares of the real estate investment trust’s stock after selling 1,425 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Two Harbors Investment were worth $216,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Two Harbors Investment by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after purchasing an additional 1,135,012 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Two Harbors Investment by 48.2% in the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock valued at $11,324,000 after acquiring an additional 278,666 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Two Harbors Investment by 1,392.7% during the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after acquiring an additional 180,516 shares during the period. LifePro Asset Management purchased a new position in Two Harbors Investment during the second quarter worth about $2,036,000. Finally, SG Americas Securities LLC lifted its position in Two Harbors Investment by 879.9% in the second quarter. SG Americas Securities LLC now owns 129,227 shares of the real estate investment trust’s stock valued at $1,707,000 after purchasing an additional 116,039 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Stock Performance

NYSE TWO opened at $11.75 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment Corp. has a fifty-two week low of $11.28 and a fifty-two week high of $14.59. The business has a fifty day moving average of $12.42 and a 200-day moving average of $13.04. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -2.44 and a beta of 1.87.

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 for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $112.64 million during the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same period last year, the firm earned ($0.01) earnings per share. As a group, analysts predict that Two Harbors Investment Corp. will post 0.47 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 given a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 15.32%. Two Harbors Investment’s dividend payout ratio (DPR) is currently -37.34%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TWO shares. Janney Montgomery Scott assumed coverage on Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 target price for the company. JMP Securities cut their price objective 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. Royal Bank of Canada lowered their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Two Harbors Investment presently has an average rating of “Hold” and an average target price of $14.18.

Two Harbors Investment Company 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.