New York State Common Retirement Fund Boosts Stock Holdings in Two Harbors Investment Corp. (NYSE:TWO)

New York State Common Retirement Fund grew its position in Two Harbors Investment Corp. (NYSE:TWOFree Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,453 shares of the real estate investment trust’s stock after acquiring an additional 1,459 shares during the quarter. New York State Common Retirement Fund’s holdings in Two Harbors Investment were worth $564,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TWO. Illinois Municipal Retirement Fund purchased a new position in Two Harbors Investment in the 4th quarter valued at $805,000. Handelsbanken Fonder AB lifted its stake in shares of Two Harbors Investment by 108.7% in the fourth quarter. Handelsbanken Fonder AB now owns 27,649 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 14,400 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Two Harbors Investment during the 4th quarter valued at about $670,000. Allspring Global Investments Holdings LLC raised its holdings in Two Harbors Investment by 1.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,150,572 shares of the real estate investment trust’s stock valued at $71,747,000 after acquiring an additional 56,470 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Two Harbors Investment by 44.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 52,835 shares of the real estate investment trust’s stock worth $736,000 after purchasing an additional 16,271 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

View Our Latest Stock Report on TWO

Two Harbors Investment Price Performance

Two Harbors Investment stock opened at $12.95 on Wednesday. The company’s 50 day simple moving average is $12.66 and its 200-day simple moving average is $13.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.09 and a current ratio of 1.09. Two Harbors Investment Corp. has a 1 year low of $9.83 and a 1 year high of $14.59. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 7.28 and a beta of 1.85.

Two Harbors Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 13.90%. The ex-dividend date was Wednesday, April 3rd. Two Harbors Investment’s payout ratio is 101.12%.

Two Harbors Investment Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Two Harbors Investment (NYSE:TWO)

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