New York State Teachers Retirement System Cuts Stock Holdings in Two Harbors Investments Corp $TWO

New York State Teachers Retirement System lowered its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 30.8% during the second quarter, HoldingsChannel.com reports. The firm owned 23,417 shares of the real estate investment trust’s stock after selling 10,414 shares during the period. New York State Teachers Retirement System’s holdings in Two Harbors Investments were worth $252,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in Two Harbors Investments by 1.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,240,983 shares of the real estate investment trust’s stock worth $57,074,000 after purchasing an additional 88,518 shares during the period. Millennium Management LLC raised its stake in Two Harbors Investments by 10.6% during the first quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock worth $16,119,000 after purchasing an additional 115,698 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Two Harbors Investments by 12.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 890,627 shares of the real estate investment trust’s stock worth $11,899,000 after purchasing an additional 100,311 shares during the period. Amundi raised its stake in Two Harbors Investments by 2.9% during the first quarter. Amundi now owns 766,733 shares of the real estate investment trust’s stock worth $9,868,000 after purchasing an additional 21,531 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Two Harbors Investments by 29.2% during the first quarter. Advisors Asset Management Inc. now owns 754,400 shares of the real estate investment trust’s stock worth $10,079,000 after purchasing an additional 170,586 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Insider Transactions at Two Harbors Investments

In related news, CIO Nicholas Letica sold 8,654 shares of Two Harbors Investments stock in a transaction on Monday, August 18th. The shares were sold at an average price of $10.02, for a total transaction of $86,713.08. Following the sale, the executive owned 160,281 shares of the company’s stock, valued at $1,606,015.62. The trade was a 5.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TWO shares. JMP Securities reaffirmed a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a research note on Wednesday, October 8th. Citizens Jmp reissued a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Maxim Group cut their target price on shares of Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Two Harbors Investments from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Two Harbors Investments has an average rating of “Hold” and an average target price of $12.36.

Two Harbors Investments Stock Performance

Shares of TWO stock opened at $9.77 on Friday. Two Harbors Investments Corp has a 52 week low of $9.49 and a 52 week high of $14.28. The company has a market cap of $1.02 billion, a PE ratio of -2.74 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. The company’s fifty day simple moving average is $9.91 and its 200-day simple moving average is $10.51.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. The firm had revenue of ($18.67) million for the quarter. As a group, equities research analysts anticipate that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 3rd will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.36 annualized dividend and a yield of 13.9%. Two Harbors Investments’s payout ratio is -38.20%.

Two Harbors Investments 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.