Geode Capital Management LLC Sells 34,705 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Geode Capital Management LLC reduced its position in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,406,115 shares of the real estate investment trust's stock after selling 34,705 shares during the quarter. Geode Capital Management LLC owned about 2.32% of Two Harbors Investment worth $28,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TWO. Alliancebernstein L.P. increased its stake in shares of Two Harbors Investment by 7.1% during the fourth quarter. Alliancebernstein L.P. now owns 137,185 shares of the real estate investment trust's stock valued at $1,623,000 after buying an additional 9,090 shares during the period. Norges Bank acquired a new stake in shares of Two Harbors Investment during the fourth quarter worth $3,898,000. JPMorgan Chase & Co. raised its holdings in shares of Two Harbors Investment by 63.1% during the fourth quarter. JPMorgan Chase & Co. now owns 420,923 shares of the real estate investment trust's stock worth $4,980,000 after purchasing an additional 162,781 shares during the last quarter. TrueMark Investments LLC increased its holdings in Two Harbors Investment by 92.7% in the fourth quarter. TrueMark Investments LLC now owns 54,605 shares of the real estate investment trust's stock valued at $646,000 after buying an additional 26,267 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment in the fourth quarter valued at about $40,000. 64.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the transaction, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on TWO. StockNews.com raised Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods cut their target price on Two Harbors Investment from $13.50 to $12.95 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada lifted their target price on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Finally, JMP Securities decreased 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $13.46.

Two Harbors Investment Stock Up 1.8 %

NYSE TWO traded up $0.20 during trading hours on Wednesday, reaching $11.50. 173,880 shares of the company traded hands, compared to its average volume of 1,184,236. The stock has a market capitalization of $1.20 billion, a PE ratio of 5.45 and a beta of 1.36. 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 12 month low of $10.16 and a 12 month high of $14.28. The company has a 50 day moving average of $12.87 and a two-hundred day moving average of $12.34.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, equities analysts expect that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.65%. Two Harbors Investment's dividend payout ratio (DPR) is 85.31%.

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.