Illinois Municipal Retirement Fund Sells 1,530 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Illinois Municipal Retirement Fund reduced its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 53,950 shares of the real estate investment trust’s stock after selling 1,530 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Two Harbors Investment were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. QRG Capital Management Inc. lifted its holdings in Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 1,230 shares during the period. KBC Group NV lifted its holdings in 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 worth $78,000 after acquiring an additional 3,077 shares during the period. JPMorgan Chase & Co. lifted its holdings in Two Harbors Investment by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock worth $3,583,000 after acquiring an additional 3,391 shares during the period. McIlrath & Eck LLC bought a new stake in Two Harbors Investment during the third quarter worth $64,000. Finally, Handelsbanken Fonder AB lifted its holdings in Two Harbors Investment by 15.7% during the fourth quarter. Handelsbanken Fonder AB now owns 36,049 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 4,900 shares during the period. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Price Performance

Shares of NYSE TWO opened at $13.95 on Tuesday. The stock has a market cap of $1.45 billion, a PE ratio of 6.61 and a beta of 1.84. Two Harbors Investment Corp. has a fifty-two week low of $10.84 and a fifty-two week high of $14.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The stock has a fifty day moving average of $12.47 and a 200-day moving average of $12.64.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share 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%. Equities research analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 12.90%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is presently 85.31%.

Insider Activity

In related news, insider Rebecca B. Sandberg sold 5,025 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the transaction, the insider now directly owns 156,163 shares in the company, valued at $1,750,587.23. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CIO Nicholas Letica sold 3,956 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $44,346.76. Following the transaction, the executive now owns 180,712 shares of the company’s stock, valued at approximately $2,025,781.52. The trade was a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,136 shares of company stock worth $377,154. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TWO. Royal Bank of Canada boosted their target price on Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. JMP Securities restated a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Compass Point lowered their target price on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. Finally, StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Two Harbors Investment currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.96.

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.