Massachusetts Financial Services Co. MA Cuts Position in Two Harbors Investment Corp. (NYSE:TWO)

Massachusetts Financial Services Co. MA decreased its stake in Two Harbors Investment Corp. (NYSE:TWO) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,190,542 shares of the real estate investment trust’s stock after selling 39,473 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.11% of Two Harbors Investment worth $28,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TWO. Vanguard Group Inc. boosted its holdings 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 worth $154,997,000 after purchasing an additional 1,135,012 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Two Harbors Investment by 155.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock worth $18,516,000 after acquiring an additional 801,837 shares during the last quarter. Norges Bank bought a new stake in shares of Two Harbors Investment during the 4th quarter worth approximately $8,829,000. Van ECK Associates Corp lifted its stake in shares of Two Harbors Investment by 48.2% during the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock worth $11,324,000 after acquiring an additional 278,666 shares during the last quarter. Finally, LifePro Asset Management bought a new stake in shares of Two Harbors Investment during the 2nd quarter worth approximately $2,036,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Trading Down 1.1 %

TWO opened at $13.94 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 7.83 and a beta of 1.86. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. Two Harbors Investment Corp. has a 12 month low of $9.83 and a 12 month high of $14.59. The stock has a fifty day moving average price of $13.73 and a 200-day moving average price of $13.12.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The firm had revenue of $115.95 million for the quarter. During the same quarter last year, the firm earned ($0.04) earnings per share. As a group, equities research analysts anticipate that Two Harbors Investment Corp. will post 0.46 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 12.91%. Two Harbors Investment’s dividend payout ratio (DPR) is 101.12%.

Analyst Upgrades and Downgrades

TWO has been the subject of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and set a $15.00 price target on shares of Two Harbors Investment in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their price target on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Janney Montgomery Scott initiated coverage on Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 price target for the company. UBS Group raised Two Harbors Investment from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.50 to $14.50 in a research note on Friday, June 7th. Finally, StockNews.com lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $14.90.

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.