Two Harbors Investment Corp. (NYSE:TWO) Shares Acquired by Barclays PLC

Barclays PLC raised its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 346.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,557 shares of the real estate investment trust’s stock after buying an additional 133,869 shares during the period. Barclays PLC owned approximately 0.17% of Two Harbors Investment worth $2,395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake 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 valued at $11,324,000 after acquiring an additional 278,666 shares during the period. Phocas Financial Corp. bought a new position in Two Harbors Investment during the 3rd quarter valued at $3,505,000. International Assets Investment Management LLC increased its position in shares of Two Harbors Investment by 1,392.7% during 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. State Street Corp raised its stake in shares of Two Harbors Investment by 2.7% in the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after buying an additional 102,294 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Two Harbors Investment by 1.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock valued at $73,303,000 after buying an additional 84,038 shares during the period. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Price Performance

Shares of NYSE:TWO opened at $11.84 on Thursday. The company’s fifty day moving average is $11.95 and its two-hundred day moving average is $12.93. The company has a market cap of $1.23 billion, a P/E ratio of -2.46 and a beta of 1.85. Two Harbors Investment Corp. has a 12-month low of $11.28 and a 12-month high of $14.31. 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 (NYSE:TWO) last posted its quarterly 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). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The business had revenue of $112.64 million for the quarter. During the same quarter last year, the firm earned ($0.01) earnings per share. Equities analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.20%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment’s payout ratio is presently -37.34%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TWO shares. Royal Bank of Canada dropped 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 report on Friday, November 1st. JPMorgan Chase & Co. dropped 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 report on Wednesday, October 30th. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. Compass Point dropped their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.71.

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.