Two Harbors Investments Corp $TWO Stake Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in Two Harbors Investments Corp (NYSE:TWO - Free Report) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,240,983 shares of the real estate investment trust's stock after purchasing an additional 88,518 shares during the period. Allspring Global Investments Holdings LLC owned approximately 5.04% of Two Harbors Investments worth $57,074,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC raised its holdings in shares of Two Harbors Investments by 10.6% during the first quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust's stock worth $16,119,000 after acquiring an additional 115,698 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Two Harbors Investments by 12.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 890,627 shares of the real estate investment trust's stock worth $11,899,000 after acquiring an additional 100,311 shares in the last quarter. Amundi raised its holdings in shares of Two Harbors Investments by 2.9% during the first quarter. Amundi now owns 766,733 shares of the real estate investment trust's stock worth $9,868,000 after acquiring an additional 21,531 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Two Harbors Investments by 29.2% during the first quarter. Advisors Asset Management Inc. now owns 754,400 shares of the real estate investment trust's stock worth $10,079,000 after acquiring an additional 170,586 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Two Harbors Investments by 2.7% during the first quarter. Principal Financial Group Inc. now owns 516,344 shares of the real estate investment trust's stock worth $6,898,000 after acquiring an additional 13,678 shares in the last quarter. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CIO Nicholas Letica sold 8,654 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $10.02, for a total value of $86,713.08. Following the sale, the executive directly owned 160,281 shares of the company's stock, valued at approximately $1,606,015.62. This trade represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

TWO has been the subject of several recent research reports. UBS Group cut their price objective on Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, September 3rd. Maxim Group lowered their target price on shares of Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, July 29th. Weiss Ratings reissued a "sell (d)" rating on shares of Two Harbors Investments in a research report on Wednesday, October 8th. Citizens Jmp reissued a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Finally, JMP Securities reissued a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $12.43.

Two Harbors Investments Trading Up 1.1%

Shares of NYSE:TWO opened at $9.89 on Wednesday. The company has a market cap of $1.03 billion, a P/E ratio of -2.78 and a beta of 1.28. The stock's 50-day moving average is $9.95 and its 200-day moving average is $10.63. Two Harbors Investments Corp has a 52-week low of $9.49 and a 52-week high of $14.28. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its quarterly earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of ($18.67) million for the quarter. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 3rd will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, October 3rd. Two Harbors Investments's dividend payout ratio (DPR) is currently -38.20%.

Two Harbors Investments 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.

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