Two Harbors Investments Corp (NYSE:TWO) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its position in shares of Two Harbors Investments Corp (NYSE:TWO) by 27.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,238 shares of the real estate investment trust’s stock after selling 15,846 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Two Harbors Investments were worth $564,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its holdings in shares of Two Harbors Investments by 818.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Two Harbors Investments in the fourth quarter worth $40,000. Wolverine Trading LLC raised its holdings in shares of Two Harbors Investments by 866.3% in the fourth quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 9,443 shares during the last quarter. Simplify Asset Management Inc. raised its holdings in shares of Two Harbors Investments by 10.0% in the fourth quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 1,000 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Two Harbors Investments in the fourth quarter worth $157,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investments Trading Down 0.9%

Shares of TWO opened at $10.03 on Wednesday. The company has a market capitalization of $1.04 billion, a P/E ratio of -19.66 and a beta of 1.26. Two Harbors Investments Corp has a one year low of $10.01 and a one year high of $14.28. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50-day moving average price of $10.92 and a 200 day moving average price of $11.93.

Two Harbors Investments (NYSE:TWO) last released its 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). Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. The firm had revenue of ($20.33) million for the quarter, compared to the consensus estimate of ($28.53) million. Sell-side analysts forecast that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 15.56%. The ex-dividend date is Thursday, July 3rd. Two Harbors Investments’s dividend payout ratio is presently -305.88%.

Analyst Upgrades and Downgrades

TWO has been the subject of a number of analyst reports. Citizens Jmp reissued a “market perform” rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. UBS Group dropped their target price on Two Harbors Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, July 10th. JMP Securities reissued a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Wall Street Zen lowered Two Harbors Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods upped their price target on Two Harbors Investments from $12.95 to $13.25 and gave the stock a “market perform” rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.00.

Two Harbors Investments 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.