Nisa Investment Advisors LLC Raises Stock Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Nisa Investment Advisors LLC grew its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 97.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,084 shares of the real estate investment trust’s stock after buying an additional 28,607 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Two Harbors Investment worth $687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in shares of Two Harbors Investment by 11.3% during the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 1,230 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 2,100 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Two Harbors Investment by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock valued at $677,000 after acquiring an additional 2,241 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Two Harbors Investment by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock worth $3,583,000 after acquiring an additional 3,391 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Two Harbors Investment by 12.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 31,149 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 3,500 shares in the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TWO. JPMorgan Chase & Co. reduced their target price on shares of Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. StockNews.com raised Two Harbors Investment to a “sell” rating in a research report on Tuesday. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Compass Point lowered their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. Finally, Royal Bank of Canada cut their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.54.

Insider Buying and Selling

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 3,014 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $11.24, for a total value of $33,877.36. Following the completion of the sale, the insider now owns 149,364 shares of the company’s stock, valued at approximately $1,678,851.36. This trade represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CIO Nicholas Letica sold 6,040 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.13, for a total value of $67,225.20. Following the sale, the executive now owns 174,672 shares in the company, valued at approximately $1,944,099.36. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,754 shares of company stock worth $333,307. Corporate insiders own 0.61% of the company’s stock.

Two Harbors Investment Price Performance

Shares of NYSE TWO opened at $12.02 on Wednesday. Two Harbors Investment Corp. has a 52 week low of $10.84 and a 52 week high of $14.27. The business’s 50 day moving average price is $11.72 and its 200 day moving average price is $12.69. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.25 billion, a P/E ratio of -2.49 and a beta of 1.83.

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 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 quarter in the previous year, the firm earned ($0.01) EPS. On average, sell-side analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 14.98%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s payout ratio is presently -37.34%.

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.