Two Harbors Investment Corp. (NYSE:TWO) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its holdings in Two Harbors Investment Corp. (NYSE:TWO) by 25.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,246 shares of the real estate investment trust’s stock after selling 7,440 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Two Harbors Investment were worth $309,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of 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 worth $29,000 after acquiring an additional 2,100 shares in the last quarter. Simplify Asset Management Inc. purchased a new position in shares of Two Harbors Investment in the 3rd quarter valued at about $134,000. AQR Capital Management LLC acquired a new stake in shares of Two Harbors Investment in the second quarter valued at about $147,000. QRG Capital Management Inc. boosted its holdings in Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 1,230 shares in the last quarter. Finally, Teamwork Financial Advisors LLC acquired a new position in Two Harbors Investment during the third quarter worth about $173,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TWO. JPMorgan Chase & Co. dropped their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. JMP Securities cut their target price 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. Compass Point lowered their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada lowered their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Two Harbors Investment currently has an average rating of “Hold” and an average price target of $13.71.

Two Harbors Investment Price Performance

TWO opened at $11.80 on Wednesday. Two Harbors Investment Corp. has a 1 year low of $11.28 and a 1 year high of $14.54. The company’s 50 day simple moving average is $12.06 and its 200 day simple moving average is $12.97. The stock has a market capitalization of $1.22 billion, a PE ratio of -2.45 and a beta of 1.85. 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 announced its quarterly earnings results 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). The company had revenue of $112.64 million during the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter in the previous year, the business posted ($0.01) EPS. As a group, sell-side analysts expect that Two Harbors Investment Corp. will post 0.47 EPS for the current year.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders 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 15.25%. Two Harbors Investment’s dividend payout ratio is presently -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.