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

Advisors Asset Management Inc. trimmed its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 14.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 588,436 shares of the real estate investment trust’s stock after selling 100,734 shares during the quarter. Advisors Asset Management Inc. owned 0.57% of Two Harbors Investment worth $8,167,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TWO. Vanguard Group Inc. raised its holdings in shares of Two Harbors Investment by 10.7% during the first quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock worth $154,997,000 after acquiring an additional 1,135,012 shares during the period. Van ECK Associates Corp raised its holdings in shares of Two Harbors Investment by 48.2% during the second 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 period. Phocas Financial Corp. acquired a new stake in shares of Two Harbors Investment during the third quarter worth $3,505,000. International Assets Investment Management LLC raised its holdings in shares of Two Harbors Investment by 1,392.7% during the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after acquiring an additional 180,516 shares during the period. Finally, LifePro Asset Management acquired a new stake in shares of Two Harbors Investment during the second quarter worth $2,036,000. 64.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on TWO shares. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 price objective on the stock. JPMorgan Chase & Co. lowered 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 note on Wednesday, October 30th. Compass Point started coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price target on the stock. Finally, Royal Bank of Canada lowered their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.32.

Two Harbors Investment Stock Down 1.5 %

Two Harbors Investment stock opened at $11.47 on Thursday. The company’s 50-day moving average is $12.79 and its 200-day moving average is $13.11. Two Harbors Investment Corp. has a fifty-two week low of $11.28 and a fifty-two week high of $14.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07.

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 for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm 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 quarter in the previous year, the company earned ($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 Dividend Announcement

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

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.