Advisors Asset Management Inc. Sells 100,734 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Advisors Asset Management Inc. decreased its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 588,436 shares of the real estate investment trust’s stock after selling 100,734 shares during the period. Advisors Asset Management Inc.’s holdings in Two Harbors Investment were worth $8,167,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Two Harbors Investment by 10.7% during 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 buying an additional 1,135,012 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Two Harbors Investment by 1.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock worth $73,303,000 after buying an additional 84,038 shares during the period. Van ECK Associates Corp boosted its holdings in Two Harbors Investment by 48.2% in the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock valued at $11,324,000 after purchasing an additional 278,666 shares during the period. Rhumbline Advisers boosted its holdings in Two Harbors Investment by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock valued at $4,106,000 after purchasing an additional 3,408 shares during the period. Finally, Phocas Financial Corp. bought a new stake in Two Harbors Investment in the 3rd quarter valued at about $3,505,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Price Performance

TWO stock opened at $11.47 on Thursday. The company has a 50 day simple moving average of $12.79 and a 200 day simple moving average of $13.11. Two Harbors Investment Corp. has a 1 year low of $11.28 and a 1 year high of $14.59. 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 released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The company 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 last year, the company posted ($0.01) EPS. On average, analysts anticipate that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.70%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is -37.34%.

Analysts Set New Price Targets

A number of research firms have issued reports on TWO. JMP Securities cut their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. Compass Point began coverage on shares of Two Harbors Investment in a report on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price objective for the company. 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 for the company in a report on Friday, November 1st. Janney Montgomery Scott initiated coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 price target for the company. Finally, StockNews.com downgraded 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 issued a buy rating to the company’s stock. According to MarketBeat, Two Harbors Investment has an average rating of “Hold” and a consensus price target of $14.32.

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.