Two Harbors Investment Corp. (NYSE:TWO) Shares Sold by Legacy Financial Strategies LLC

Legacy Financial Strategies LLC trimmed its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,900 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Legacy Financial Strategies LLC’s holdings in Two Harbors Investment were worth $165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in shares of Two Harbors Investment by 48.2% during the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock worth $11,324,000 after purchasing an additional 278,666 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Two Harbors Investment by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock valued at $1,188,000 after purchasing an additional 5,284 shares during the last quarter. TrueMark Investments LLC bought a new stake in Two Harbors Investment during the second quarter valued at $577,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Two Harbors Investment by 155.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock valued at $18,516,000 after purchasing an additional 801,837 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Two Harbors Investment by 10.7% during the first quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after acquiring an additional 1,135,012 shares during the period. 64.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TWO has been the subject of several analyst reports. Compass Point initiated coverage on shares of Two Harbors Investment in a report on Thursday, October 3rd. They set a “buy” rating and a $15.75 price target for the company. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a report on Friday, August 16th. They issued a “buy” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. JMP Securities reduced their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday. Finally, StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Sunday, October 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.96.

Two Harbors Investment Price Performance

Shares of NYSE:TWO traded up $0.09 during trading hours on Friday, hitting $13.15. 663,506 shares of the company’s stock traded hands, compared to its average volume of 1,081,465. Two Harbors Investment Corp. has a 52 week low of $9.83 and a 52 week high of $14.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.08. The company’s fifty day simple moving average is $13.58 and its two-hundred day simple moving average is $13.16. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 32.09 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. The company had revenue of $115.95 million during the quarter. During the same quarter last year, the business posted ($0.04) EPS. As a group, equities analysts anticipate that Two Harbors Investment Corp. will post 0.46 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.69%. The ex-dividend date of this dividend is Tuesday, October 1st. Two Harbors Investment’s payout ratio is 439.02%.

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.