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

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

A number of other hedge funds have also made changes to their positions in TWO. Raymond James Financial Inc. bought a new position in shares of Two Harbors Investments during the fourth quarter worth about $172,000. Northern Trust Corp lifted its position in shares of Two Harbors Investments by 5.8% during the 4th quarter. Northern Trust Corp now owns 1,181,547 shares of the real estate investment trust's stock valued at $13,978,000 after acquiring an additional 65,194 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Two Harbors Investments by 54.6% during the fourth quarter. Deutsche Bank AG now owns 90,474 shares of the real estate investment trust's stock valued at $1,070,000 after purchasing an additional 31,954 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Two Harbors Investments by 1.3% in the fourth quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust's stock worth $1,656,000 after buying an additional 1,770 shares during the period. Finally, Alliancebernstein L.P. grew its position in Two Harbors Investments by 7.1% during the 4th quarter. Alliancebernstein L.P. now owns 137,185 shares of the real estate investment trust's stock worth $1,623,000 after purchasing an additional 9,090 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investments Stock Performance

TWO stock traded up $0.13 during trading hours on Wednesday, hitting $11.02. 3,526,089 shares of the stock were exchanged, compared to its average volume of 1,336,904. The company has a 50-day simple moving average of $11.20 and a two-hundred day simple moving average of $12.03. The firm has a market capitalization of $1.15 billion, a P/E ratio of -21.61 and a beta of 1.26. Two Harbors Investments Corp has a 12 month low of $10.16 and a 12 month high of $14.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77.

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

Two Harbors Investments Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Thursday, July 3rd will be given a $0.39 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 14.16%. Two Harbors Investments's dividend payout ratio (DPR) is currently -352.94%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TWO shares. Keefe, Bruyette & Woods lifted their price target on Two Harbors Investments from $12.95 to $13.25 and gave the company a "market perform" rating in a report on Wednesday, April 30th. JMP Securities reduced their price target on shares of 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 shares of Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Wall Street Zen cut shares of Two Harbors Investments from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Finally, UBS Group raised their price target on shares of Two Harbors Investments from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $13.14.

Two Harbors Investments 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.