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

Massachusetts Financial Services Co. MA reduced its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,130,545 shares of the real estate investment trust’s stock after selling 59,997 shares during the period. Massachusetts Financial Services Co. MA owned about 2.06% of Two Harbors Investment worth $29,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TWO. State Board of Administration of Florida Retirement System grew its position in Two Harbors Investment by 39.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 38,733 shares of the real estate investment trust’s stock valued at $570,000 after acquiring an additional 10,960 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Two Harbors Investment by 10.7% in the first quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after purchasing an additional 1,135,012 shares during the period. American International Group Inc. grew its holdings in shares of Two Harbors Investment by 5.9% in the first quarter. American International Group Inc. now owns 55,991 shares of the real estate investment trust’s stock valued at $741,000 after purchasing an additional 3,105 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Two Harbors Investment by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock worth $1,188,000 after buying an additional 5,284 shares during the period. Finally, LifePro Asset Management acquired a new stake in Two Harbors Investment during the 2nd quarter worth approximately $2,036,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Price Performance

Shares of TWO opened at $11.81 on Tuesday. Two Harbors Investment Corp. has a twelve month low of $11.28 and a twelve month high of $14.59. The firm’s fifty day simple moving average is $12.61 and its 200-day simple moving average is $13.07. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -2.45 and a beta of 1.87. 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 announced its quarterly earnings data 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). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The firm had revenue of $112.64 million during the quarter. During the same quarter last year, the firm earned ($0.01) EPS. Equities analysts forecast that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 15.24%. Two Harbors Investment’s dividend payout ratio is currently -37.34%.

Analyst Ratings Changes

TWO has been the subject of several research reports. JMP Securities dropped their price target on shares of 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. Janney Montgomery Scott initiated coverage on Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 price target on the stock. Compass Point reduced their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday. Royal Bank of Canada lowered their price objective 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. Finally, StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Two Harbors Investment has a consensus rating of “Hold” and an average target price of $14.18.

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.