UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 30,229 Shares of Two Harbors Investment Corp. (NYSE:TWO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,135 shares of the real estate investment trust's stock after selling 30,229 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Two Harbors Investment worth $1,374,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Two Harbors Investment by 818.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 2,963 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Two Harbors Investment in the fourth quarter valued at approximately $40,000. KBC Group NV lifted its stake in shares of Two Harbors Investment by 86.5% in the fourth 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. Wolverine Trading LLC lifted its stake in shares of Two Harbors Investment by 866.3% in the fourth quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock worth $122,000 after buying an additional 9,443 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in shares of Two Harbors Investment during the 4th quarter worth $130,000. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Stock Performance

TWO stock traded up $0.07 during midday trading on Thursday, hitting $10.98. The stock had a trading volume of 913,281 shares, compared to its average volume of 1,273,534. Two Harbors Investment Corp. has a 52 week low of $10.16 and a 52 week high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The stock has a 50-day simple moving average of $11.29 and a 200 day simple moving average of $12.13. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 5.20 and a beta of 1.27.

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

Two Harbors Investment Dividend Announcement

The business 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. This represents a $1.80 dividend on an annualized basis and a yield of 16.39%. The ex-dividend date was Friday, April 4th. Two Harbors Investment's payout ratio is -352.94%.

Analyst Ratings Changes

Several research analysts recently commented on TWO shares. UBS Group lifted their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wall Street Zen lowered Two Harbors Investment from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Royal Bank of Canada reduced their price objective on Two Harbors Investment from $13.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 28th. Keefe, Bruyette & Woods boosted their target price on shares of Two Harbors Investment from $12.95 to $13.25 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Finally, JMP Securities cut their target price on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $13.14.

About Two Harbors Investment

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.