First Trust Advisors LP Sells 28,270 Shares of Two Harbors Investment Corp. (NYSE:TWO)

First Trust Advisors LP trimmed its position in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,162 shares of the real estate investment trust's stock after selling 28,270 shares during the period. First Trust Advisors LP owned about 0.22% of Two Harbors Investment worth $2,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted 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 purchasing an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment in the fourth quarter worth about $40,000. KBC Group NV boosted its stake 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 acquiring an additional 3,077 shares in the last quarter. Motiv8 Investments LLC bought a new position in shares of Two Harbors Investment in the 4th quarter valued at approximately $130,000. Finally, Simplify Asset Management Inc. lifted its holdings in Two Harbors Investment by 10.0% in the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock worth $130,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on TWO shares. UBS Group increased their price target on Two Harbors Investment from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, May 1st. JMP Securities dropped their target price on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods upped their price target on shares of Two Harbors Investment from $12.95 to $13.25 and gave the company a "market perform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price objective on 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. Finally, Royal Bank of Canada lifted their price target on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. One 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 target price of $13.29.

Insider Buying and Selling

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the transaction, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by corporate insiders.

Two Harbors Investment Stock Performance

Shares of NYSE TWO traded down $0.10 during trading hours on Friday, reaching $11.76. The stock had a trading volume of 683,403 shares, compared to its average volume of 1,208,214. Two Harbors Investment Corp. has a twelve month low of $10.16 and a twelve month high of $14.28. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The business's fifty day moving average is $12.35 and its two-hundred day moving average is $12.24. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 5.57 and a beta of 1.33.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The business 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%. As a group, research analysts expect that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.31%. Two Harbors Investment's payout ratio is presently -352.94%.

Two Harbors Investment Company 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.