Massachusetts Financial Services Co. MA Sells 50,200 Shares of Two Harbors Investments Corp (NYSE:TWO)

Massachusetts Financial Services Co. MA decreased its holdings in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,070,285 shares of the real estate investment trust's stock after selling 50,200 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.99% of Two Harbors Investments worth $27,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TWO. CWM LLC boosted its position in Two Harbors Investments by 68.4% in the first quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 890 shares during the last quarter. Simplify Asset Management Inc. raised its stake in shares of Two Harbors Investments by 10.0% in the fourth 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 during the period. Motiv8 Investments LLC raised its stake in Two Harbors Investments by 10.9% during the 1st quarter. Motiv8 Investments LLC now owns 12,142 shares of the real estate investment trust's stock valued at $162,000 after purchasing an additional 1,194 shares during the period. Sei Investments Co. grew its holdings in Two Harbors Investments by 1.3% during 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. Finally, MetLife Investment Management LLC grew its holdings in Two Harbors Investments by 4.0% during 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. Institutional investors own 64.19% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TWO shares. Citizens Jmp reiterated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. UBS Group dropped their target price on Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, July 10th. JPMorgan Chase & Co. lowered their price target on Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Royal Bank Of Canada decreased their target price on Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Wednesday, May 28th. Finally, JMP Securities reiterated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $13.00.

Two Harbors Investments Trading Up 2.7%

Shares of TWO traded up $0.27 during mid-day trading on Tuesday, hitting $10.19. The company had a trading volume of 1,996,984 shares, compared to its average volume of 1,407,081. Two Harbors Investments Corp has a 1-year low of $9.76 and a 1-year 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. The business's 50-day simple moving average is $10.82 and its 200-day simple moving average is $11.90. The stock has a market cap of $1.06 billion, a PE ratio of -19.97 and a beta of 1.26.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates 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 Investments had a return on equity of 8.06% and a net margin of 3.50%. Sell-side analysts forecast that Two Harbors Investments Corp will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 15.32%. The ex-dividend date of this dividend is Thursday, July 3rd. Two Harbors Investments's dividend payout ratio is currently -305.88%.

Two Harbors Investments 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.