MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 67,325 Shares of Two Harbors Investment Corp. (NYSE:TWO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 790,316 shares of the real estate investment trust's stock after purchasing an additional 67,325 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.76% of Two Harbors Investment worth $9,349,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in shares of Two Harbors Investment by 818.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,963 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Two Harbors Investment during the 4th 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 stake in shares of Two Harbors Investment during the 4th quarter worth about $130,000. Finally, Simplify Asset Management Inc. boosted its stake in shares of Two Harbors Investment by 10.0% during the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock worth $130,000 after acquiring an additional 1,000 shares in the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Stock Performance

Two Harbors Investment stock traded down $0.17 during trading hours on Thursday, hitting $11.17. The stock had a trading volume of 368,839 shares, compared to its average volume of 1,205,030. The company has a 50-day moving average of $12.06 and a two-hundred day moving average of $12.22. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.16 billion, a PE ratio of 5.29 and a beta of 1.33. Two Harbors Investment Corp. has a fifty-two week low of $10.16 and a fifty-two week high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of ($20.33) million during 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%. On average, equities research analysts anticipate that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were issued a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 16.12%. Two Harbors Investment's dividend payout ratio (DPR) is -352.94%.

Analyst Upgrades and Downgrades

TWO has been the subject of several recent analyst reports. Royal Bank of Canada upped their price target on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. JMP Securities decreased their price target on 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. JPMorgan Chase & Co. cut their price objective 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. UBS Group boosted their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods boosted their price objective on 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. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Two Harbors Investment has an average rating of "Hold" and an average target price of $13.29.

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.