Simplicity Wealth LLC Takes $2.25 Million Position in Two Harbors Investment Corp. (NYSE:TWO)

Simplicity Wealth LLC purchased a new position in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 168,119 shares of the real estate investment trust's stock, valued at approximately $2,246,000. Simplicity Wealth LLC owned 0.16% of Two Harbors Investment as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TWO. Millennium Management LLC raised its position in shares of Two Harbors Investment by 1,052.4% in the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust's stock valued at $12,905,000 after purchasing an additional 996,188 shares during the period. Invesco Ltd. raised its position in shares of Two Harbors Investment by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust's stock valued at $25,491,000 after purchasing an additional 478,958 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Two Harbors Investment by 19.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust's stock valued at $27,373,000 after purchasing an additional 371,436 shares during the period. Vanguard Group Inc. raised its position in shares of Two Harbors Investment by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust's stock valued at $135,928,000 after purchasing an additional 329,762 shares during the period. Finally, Norges Bank bought a new position in Two Harbors Investment during the fourth quarter worth $3,898,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TWO. Wall Street Zen lowered shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. JMP Securities decreased their price target on shares of 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. JPMorgan Chase & Co. reduced their target price on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada reduced their target price on shares of Two Harbors Investment from $13.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Two Harbors Investment from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. One research 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $13.14.

Two Harbors Investment Price Performance

NYSE TWO traded down $0.20 on Friday, hitting $10.79. 932,787 shares of the company were exchanged, compared to its average volume of 1,276,637. The firm has a 50 day moving average of $11.28 and a two-hundred day moving average of $12.12. The company has a market cap of $1.12 billion, a P/E ratio of 5.11 and a beta of 1.27. 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 Corp. has a 1-year low of $10.16 and a 1-year high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of ($20.33) million for the quarter, compared to the consensus estimate of ($28.53) million. Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. On average, equities analysts predict that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

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 dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 16.69%. 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.