Zurcher Kantonalbank Zurich Cantonalbank Cuts Position in Two Harbors Investment Corp. (NYSE:TWO)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,068 shares of the real estate investment trust’s stock after selling 2,543 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Two Harbors Investment were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TWO. SG Americas Securities LLC acquired a new position in shares of Two Harbors Investment during the 3rd quarter worth about $256,000. Teamwork Financial Advisors LLC lifted its position in shares of Two Harbors Investment by 7.0% in the third quarter. Teamwork Financial Advisors LLC now owns 15,786 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 1,034 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Two Harbors Investment by 5.4% in the third quarter. Nisa Investment Advisors LLC now owns 36,564 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 1,872 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Two Harbors Investment in the third quarter worth approximately $227,000. Finally, Swiss National Bank increased its position in shares of Two Harbors Investment by 1.0% during the third quarter. Swiss National Bank now owns 212,488 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Price Performance

TWO stock opened at $13.15 on Tuesday. Two Harbors Investment Corp. has a 52-week low of $9.83 and a 52-week high of $14.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 7.39 and a beta of 1.85. The business has a fifty day moving average of $12.64 and a two-hundred day moving average of $12.99.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.80 annualized dividend and a yield of 13.69%. Two Harbors Investment’s dividend payout ratio (DPR) is currently 101.12%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jonestrading began coverage on shares of Two Harbors Investment in a research note on Friday, March 22nd. They set a “hold” rating on the stock. TheStreet downgraded shares of 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. JMP Securities restated a “market outperform” rating and issued a $15.00 price target on shares of Two Harbors Investment in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.57.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, CFO Mary Kathryn Riskey sold 2,150 shares of Two Harbors Investment stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $26,445.00. Following the completion of the sale, the chief financial officer now directly owns 83,605 shares in the company, valued at $1,028,341.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO William Ross Greenberg sold 7,170 shares of Two Harbors Investment stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following the completion of the sale, the chief executive officer now directly owns 264,079 shares of the company’s stock, valued at $3,248,171.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mary Kathryn Riskey sold 2,150 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $26,445.00. Following the transaction, the chief financial officer now directly owns 83,605 shares in the company, valued at approximately $1,028,341.50. The disclosure for this sale can be found here. Insiders have sold 13,752 shares of company stock valued at $169,150 over the last 90 days. 0.61% of the stock is owned by insiders.

Two Harbors Investment 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.