Northern Trust Corp Purchases 65,194 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Northern Trust Corp increased its position in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,181,547 shares of the real estate investment trust's stock after acquiring an additional 65,194 shares during the quarter. Northern Trust Corp owned about 1.14% of Two Harbors Investment worth $13,978,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of 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 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 during the 4th quarter worth approximately $40,000. KBC Group NV raised 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 purchased a new stake in Two Harbors Investment during the 4th quarter worth approximately $130,000. Finally, Simplify Asset Management Inc. increased its stake in 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 valued at $130,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 64.19% of the company's stock.

Two Harbors Investment Stock Performance

Shares of NYSE TWO opened at $12.05 on Friday. The company's fifty day moving average price is $12.20 and its 200 day moving average price is $12.22. Two Harbors Investment Corp. has a 1 year low of $10.16 and a 1 year high of $14.28. The company has a market capitalization of $1.25 billion, a PE ratio of 5.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09.

Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. The firm had revenue of ($20.33) million for the quarter, compared to analysts' expectations of ($28.53) million. On average, research analysts predict 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 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 annualized dividend and a yield of 14.94%. The ex-dividend date of this dividend was Friday, April 4th. Two Harbors Investment's payout ratio is -352.94%.

Wall Street Analysts Forecast Growth

TWO has been the topic of a number of recent analyst reports. JMP Securities cut their price target on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. UBS Group upped their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on shares of 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. StockNews.com lowered shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada upped their price objective on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. One investment 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 currently has an average rating of "Hold" and a consensus price target of $13.29.

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.

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