Great Lakes Advisors LLC Buys Shares of 675,729 Two Harbors Investment Corp. (NYSE:TWO)

Great Lakes Advisors LLC acquired a new stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 675,729 shares of the real estate investment trust's stock, valued at approximately $9,413,000. Great Lakes Advisors LLC owned approximately 0.70% of Two Harbors Investment at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Triumph Capital Management raised its holdings in shares of Two Harbors Investment by 4.3% in the fourth quarter. Triumph Capital Management now owns 21,795 shares of the real estate investment trust's stock valued at $304,000 after acquiring an additional 896 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Two Harbors Investment by 3.7% in the fourth quarter. New York State Common Retirement Fund now owns 40,453 shares of the real estate investment trust's stock valued at $564,000 after acquiring an additional 1,459 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Two Harbors Investment by 38.4% in the third quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust's stock valued at $79,000 after acquiring an additional 1,652 shares in the last quarter. Golden State Equity Partners grew its stake in Two Harbors Investment by 2.3% in the fourth quarter. Golden State Equity Partners now owns 78,190 shares of the real estate investment trust's stock valued at $1,089,000 after purchasing an additional 1,766 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Two Harbors Investment by 5.4% in the third quarter. Nisa Investment Advisors LLC now owns 36,564 shares of the real estate investment trust's stock valued at $484,000 after purchasing an additional 1,872 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TWO. TheStreet lowered Two Harbors Investment from a "c-" rating to a "d" rating in a research note on Tuesday, January 30th. JMP Securities reiterated a "market outperform" rating and issued a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday, April 18th. JPMorgan Chase & Co. cut their target price on Two Harbors Investment from $13.50 to $12.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 10th. StockNews.com upgraded Two Harbors Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, May 1st. Finally, Jonestrading began coverage on Two Harbors Investment in a research note on Friday, March 22nd. They issued a "hold" rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Two Harbors Investment presently has a consensus rating of "Hold" and a consensus price target of $14.57.

Two Harbors Investment Stock Up 0.4 %

Shares of TWO stock traded up $0.05 during trading hours on Friday, reaching $13.03. 890,204 shares of the company's stock were exchanged, compared to its average volume of 1,052,965. Two Harbors Investment Corp. has a 1 year low of $9.83 and a 1 year high of $14.59. The stock has a market cap of $1.35 billion, a PE ratio of 7.32 and a beta of 1.85. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.99. The stock's fifty day moving average price is $12.67 and its two-hundred day moving average price is $13.13.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 13.81%. Two Harbors Investment's dividend payout ratio is currently 101.12%.

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.