Thrivent Financial for Lutherans Trims Stake in Two Harbors Investment Corp. (NYSE:TWO)

Thrivent Financial for Lutherans reduced its holdings in Two Harbors Investment Corp. (NYSE:TWO) by 55.4% during the third quarter, Holdings Channel.com reports. The fund owned 81,374 shares of the real estate investment trust’s stock after selling 100,960 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Two Harbors Investment were worth $1,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Two Harbors Investment by 1,680.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,100 shares in the last quarter. Simplify Asset Management Inc. bought a new stake in Two Harbors Investment during the third quarter valued at approximately $134,000. QRG Capital Management Inc. purchased a new position in Two Harbors Investment in the 2nd quarter worth approximately $144,000. AQR Capital Management LLC bought a new position in shares of Two Harbors Investment in the 2nd quarter worth $147,000. Finally, Teamwork Financial Advisors LLC purchased a new stake in shares of Two Harbors Investment during the 3rd quarter valued at $173,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TWO. Janney Montgomery Scott initiated coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 target price for the company. JMP Securities cut their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. Compass Point decreased their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.18.

Two Harbors Investment Stock Performance

Shares of TWO stock opened at $11.75 on Monday. The business has a 50-day moving average of $12.42 and a 200 day moving average of $13.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. Two Harbors Investment Corp. has a 1-year low of $11.28 and a 1-year high of $14.59. The stock has a market capitalization of $1.22 billion, a PE ratio of -2.44 and a beta of 1.87.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The company had revenue of $112.64 million for the quarter. During the same period in the previous year, the business posted ($0.01) earnings per share. As a group, sell-side analysts anticipate that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 15.32%. Two Harbors Investment’s payout ratio is currently -37.34%.

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.