Beck Capital Management LLC Buys Shares of 14,004 Two Harbors Investment Corp. (NYSE:TWO)

Beck Capital Management LLC bought a new position in Two Harbors Investment Corp. (NYSE:TWO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,004 shares of the real estate investment trust’s stock, valued at approximately $194,000.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,100 shares during the last quarter. Simplify Asset Management Inc. bought a new stake in Two Harbors Investment during the 3rd quarter worth approximately $134,000. QRG Capital Management Inc. acquired a new position in Two Harbors Investment in the 2nd quarter valued at approximately $144,000. AQR Capital Management LLC bought a new position in shares of Two Harbors Investment during the second quarter valued at $147,000. Finally, Legacy Financial Strategies LLC acquired a new position in shares of Two Harbors Investment during the second quarter worth $170,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Janney Montgomery Scott began 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. JMP Securities reduced their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. Compass Point dropped their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.18.

Two Harbors Investment Stock Performance

TWO opened at $11.75 on Monday. The company has a fifty day moving average price of $12.42 and a two-hundred day moving average price of $13.04. Two Harbors Investment Corp. has a 1-year low of $11.28 and a 1-year high of $14.59. The company has a market cap of $1.22 billion, a P/E ratio of -2.44 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 issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS 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 period last year, the firm earned ($0.01) earnings per share. Analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 15.32%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s payout ratio is currently -37.34%.

About Two Harbors Investment

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.