Millennium Management LLC Has $12.91 Million Stock Position in Two Harbors Investment Corp. (NYSE:TWO)

Millennium Management LLC lifted its stake in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 1,052.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,090,851 shares of the real estate investment trust's stock after purchasing an additional 996,188 shares during the quarter. Millennium Management LLC owned 1.05% of Two Harbors Investment worth $12,905,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TWO. Sterling Capital Management LLC lifted its position in shares of Two Harbors Investment 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 buying an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Two Harbors Investment during the 4th quarter worth $40,000. KBC Group NV lifted its position 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 buying an additional 3,077 shares during the last quarter. Motiv8 Investments LLC bought a new stake in shares of Two Harbors Investment during the 4th quarter worth $130,000. Finally, Simplify Asset Management Inc. lifted its position in shares of Two Harbors Investment 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 buying an additional 1,000 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada lowered their target price on Two Harbors Investment from $13.00 to $12.00 and set a "sector perform" rating for the company in a report on Wednesday. Wall Street Zen cut Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. JMP Securities lowered their target price on Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating for the company in a report on Thursday, April 17th. UBS Group upped their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered 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 investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $13.14.

Two Harbors Investment Trading Up 1.0%

Shares of TWO stock traded up $0.11 on Thursday, hitting $11.06. The company had a trading volume of 267,819 shares, compared to its average volume of 1,460,572. The firm has a market cap of $1.15 billion, a P/E ratio of 5.24 and a beta of 1.33. The stock's 50-day moving average is $11.78 and its two-hundred day moving average is $12.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment Corp. has a twelve month low of $10.16 and a twelve month high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released 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). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. The business had revenue of ($20.33) million for the quarter, compared to analyst estimates of ($28.53) million. On average, equities research analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Friday, April 4th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 16.28%. Two Harbors Investment's dividend payout ratio is currently -352.94%.

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.