Two Harbors Investment Corp. (NYSE:TWO) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,440,820 shares of the real estate investment trust’s stock after purchasing an additional 48,264 shares during the quarter. Geode Capital Management LLC owned 2.35% of Two Harbors Investment worth $33,885,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew 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 worth $29,000 after buying an additional 2,100 shares in the last quarter. Simplify Asset Management Inc. purchased a new position in Two Harbors Investment in the third quarter worth approximately $134,000. AQR Capital Management LLC acquired a new position in Two Harbors Investment during the 2nd quarter worth approximately $147,000. QRG Capital Management Inc. increased its position in shares of Two Harbors Investment by 11.3% in the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 1,230 shares during the last quarter. Finally, Teamwork Financial Advisors LLC acquired a new stake in shares of Two Harbors Investment in the 3rd quarter valued at $173,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Performance

Shares of TWO opened at $11.84 on Thursday. The company’s 50 day simple moving average is $11.95 and its 200-day simple moving average is $12.93. The firm has a market cap of $1.23 billion, a PE 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 current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results 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 business had revenue of $112.64 million for 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 company posted ($0.01) EPS. As a group, equities analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current year.

Two Harbors Investment Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on TWO. Royal Bank of Canada dropped their target price on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Compass Point decreased their target price 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. JMP Securities dropped their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. Finally, 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 research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Two Harbors Investment currently has a consensus rating of “Hold” and a consensus target price 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.