Allspring Global Investments Holdings LLC Lowers Holdings in Two Harbors Investments Corp (NYSE:TWO)

Allspring Global Investments Holdings LLC lessened its stake in Two Harbors Investments Corp (NYSE:TWO - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,152,465 shares of the real estate investment trust's stock after selling 198,480 shares during the quarter. Allspring Global Investments Holdings LLC owned 4.95% of Two Harbors Investments worth $68,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Sterling Capital Management LLC increased its holdings in Two Harbors Investments by 818.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after buying an additional 2,963 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Two Harbors Investments in the 4th quarter worth about $40,000. Wolverine Trading LLC increased its holdings in Two Harbors Investments by 866.3% in the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock worth $122,000 after buying an additional 9,443 shares in the last quarter. Simplify Asset Management Inc. increased its holdings in Two Harbors Investments by 10.0% in the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock worth $130,000 after buying an additional 1,000 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in Two Harbors Investments in the 4th quarter worth about $157,000. Hedge funds and other institutional investors own 64.19% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TWO. Royal Bank Of Canada reduced their price objective on Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a report on Wednesday, May 28th. JMP Securities reduced their price objective on Two Harbors Investments from $14.00 to $13.50 and set a "market outperform" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods boosted their price target on Two Harbors Investments from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen downgraded Two Harbors Investments from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $13.14.

Two Harbors Investments Trading Down 0.4%

Two Harbors Investments stock opened at $10.66 on Friday. The business has a 50-day simple moving average of $11.21 and a two-hundred day simple moving average of $12.04. The company has a market cap of $1.11 billion, a P/E ratio of -20.89 and a beta of 1.27. Two Harbors Investments Corp has a 52-week low of $10.16 and a 52-week high of $14.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77.

Two Harbors Investments (NYSE:TWO - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The firm had revenue of ($20.33) million for the quarter, compared to the consensus estimate of ($28.53) million. Two Harbors Investments had a net margin of 3.50% and a return on equity of 8.06%. Analysts predict that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 14.64%. Two Harbors Investments's dividend payout ratio (DPR) is presently -352.94%.

About Two Harbors Investments

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.

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