Verition Fund Management LLC Takes Position in Two Harbors Investment Corp. (NYSE:TWO)

Verition Fund Management LLC purchased a new position in shares of Two Harbors Investment Corp. (NYSE:TWO) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 15,668 shares of the real estate investment trust’s stock, valued at approximately $217,000.

Several other institutional investors have also added to or reduced their stakes in TWO. Van ECK Associates Corp lifted its holdings in shares of Two Harbors Investment by 48.2% during the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock worth $11,324,000 after buying an additional 278,666 shares in the last quarter. Phocas Financial Corp. acquired a new stake in Two Harbors Investment in the 3rd quarter worth about $3,505,000. International Assets Investment Management LLC boosted its holdings in Two Harbors Investment by 1,392.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock valued at $2,685,000 after purchasing an additional 180,516 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Two Harbors Investment by 1.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock worth $73,303,000 after purchasing an additional 84,038 shares in the last quarter. Finally, LifePro Asset Management increased its holdings in shares of Two Harbors Investment by 30.9% during the third quarter. LifePro Asset Management now owns 201,792 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 47,689 shares during the period. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Stock Down 0.3 %

Shares of NYSE TWO opened at $11.84 on Monday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -2.46 and a beta of 1.85. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment Corp. has a 12 month low of $11.28 and a 12 month high of $14.59. The stock has a 50-day moving average price of $12.10 and a two-hundred day moving average price of $12.98.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data 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 period last year, the company posted ($0.01) EPS. As a group, analysts forecast that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 15.20%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio (DPR) is -37.34%.

Analyst Upgrades and Downgrades

TWO has been the subject of several recent research reports. JMP Securities cut their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada cut their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Compass Point dropped their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. JPMorgan Chase & Co. cut their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.71.

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.