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

Massachusetts Financial Services Co. MA decreased its stake in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 about 1.99% of Two Harbors Investments worth $27,659,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. CWM LLC increased its holdings in shares of Two Harbors Investments by 68.4% during the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 890 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Two Harbors Investments by 818.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Two Harbors Investments during the 4th quarter worth approximately $40,000. Wolverine Trading LLC increased its holdings in shares of Two Harbors Investments by 866.3% during the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock worth $122,000 after acquiring an additional 9,443 shares during the last quarter. Finally, Simplify Asset Management Inc. increased its holdings in shares of Two Harbors Investments by 10.0% during the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock worth $130,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on TWO shares. Keefe, Bruyette & Woods upped their price objective 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. Royal Bank Of Canada decreased their price objective on Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating on the stock in a report on Wednesday, May 28th. UBS Group decreased their price objective 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. JMP Securities reiterated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $13.00.

Two Harbors Investments Trading Down 1.3%

Shares of TWO stock traded down $0.13 on Friday, hitting $9.87. The company had a trading volume of 3,854,978 shares, compared to its average volume of 1,399,007. The firm has a market cap of $1.03 billion, a P/E ratio of -19.35 and a beta of 1.26. The stock's 50-day moving average is $10.82 and its two-hundred day moving average is $11.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.05 and a current ratio of 1.05. Two Harbors Investments Corp has a twelve month low of $9.76 and a twelve month high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company 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, equities research analysts anticipate that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal 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 paid a dividend of $0.39 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 15.81%. Two Harbors Investments's dividend payout ratio is currently -305.88%.

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.