Bank of America Corp DE Raises Stock Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Bank of America Corp DE grew its stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,170,339 shares of the real estate investment trust's stock after acquiring an additional 90,875 shares during the quarter. Bank of America Corp DE owned about 1.13% of Two Harbors Investment worth $13,845,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Simplify Asset Management Inc. grew its stake in Two Harbors Investment by 10.0% in the fourth quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock valued at $130,000 after purchasing an additional 1,000 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Two Harbors Investment by 1.3% in the 4th quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust's stock valued at $1,656,000 after buying an additional 1,770 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Two Harbors Investment by 4.0% in the 4th quarter. MetLife Investment Management LLC now owns 62,030 shares of the real estate investment trust's stock valued at $734,000 after buying an additional 2,384 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Two Harbors Investment 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 during the last quarter. Finally, KBC Group NV raised its stake in shares of Two Harbors Investment by 86.5% during the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after acquiring an additional 3,077 shares in the last quarter. 64.19% of the stock is owned by institutional investors.

Two Harbors Investment Stock Performance

TWO traded up $0.16 during midday trading on Tuesday, hitting $11.01. 5,249,109 shares of the company were exchanged, compared to its average volume of 1,240,229. The company's 50 day simple moving average is $11.83 and its 200 day simple moving average is $12.21. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 5.22 and a beta of 1.33. Two Harbors Investment Corp. has a 1-year low of $10.16 and a 1-year high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted 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 company had revenue of ($20.33) million for the quarter, compared to analyst estimates of ($28.53) million. Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. As a group, sell-side analysts predict that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were issued a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 16.35%. Two Harbors Investment's payout ratio is -352.94%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Two Harbors Investment from $12.95 to $13.25 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Wall Street Zen lowered Two Harbors Investment from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. JMP Securities dropped their price target on Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada increased their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their target price on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.29.

Two Harbors Investment 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.