Ameriprise Financial Inc. Increases Position in Two Harbors Investment Corp. (NYSE:TWO)

Ameriprise Financial Inc. lifted its holdings in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,371,702 shares of the real estate investment trust's stock after acquiring an additional 164,452 shares during the period. Ameriprise Financial Inc. owned approximately 1.32% of Two Harbors Investment worth $16,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Two Harbors Investment by 346.0% during the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock valued at $2,395,000 after acquiring an additional 133,869 shares during the period. JPMorgan Chase & Co. increased its stake in Two Harbors Investment by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust's stock valued at $3,583,000 after purchasing an additional 3,391 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Two Harbors Investment by 97.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust's stock valued at $687,000 after purchasing an additional 28,607 shares in the last quarter. KBC Group NV raised its holdings in shares of Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 3,077 shares during the period. Finally, Legacy Financial Strategies LLC boosted its position in shares of Two Harbors Investment by 42.0% during the 4th quarter. Legacy Financial Strategies LLC now owns 16,900 shares of the real estate investment trust's stock worth $203,000 after purchasing an additional 5,000 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TWO. StockNews.com downgraded Two Harbors Investment from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods upped their target price 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. Royal Bank of Canada increased their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on shares of 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. Finally, JMP Securities lowered their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.29.

Two Harbors Investment Stock Down 1.2%

Shares of TWO stock traded down $0.14 during trading hours on Thursday, reaching $11.19. The company had a trading volume of 243,571 shares, compared to its average volume of 1,204,757. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 5.29 and a beta of 1.33. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. Two Harbors Investment Corp. has a 12 month low of $10.16 and a 12 month high of $14.28. The business has a fifty day simple moving average of $12.06 and a 200-day simple moving average of $12.22.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings results 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 company had revenue of ($20.33) million during the quarter, compared to analysts' expectations of ($28.53) million. Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. On average, research analysts expect that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company 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 was Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 16.09%. Two Harbors Investment's dividend payout ratio is currently -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.