Two Harbors Investments Corp $TWO Stock Holdings Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in shares of Two Harbors Investments Corp (NYSE:TWO) by 58.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,761,802 shares of the real estate investment trust’s stock after selling 2,441,575 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Two Harbors Investments were worth $18,640,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Two Harbors Investments in the third quarter valued at $25,000. Quarry LP lifted its holdings in Two Harbors Investments by 695.6% in the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,991 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Two Harbors Investments in the 3rd quarter valued at about $42,000. CWM LLC boosted its position in shares of Two Harbors Investments by 456.0% during the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 4,482 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Two Harbors Investments by 62.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,890 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 3,019 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

TWO has been the subject of a number of research reports. Zacks Research cut shares of Two Harbors Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. Maxim Group downgraded Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. UBS Group lowered Two Harbors Investments from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $11.00 to $14.00 in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $12.88.

Two Harbors Investments Stock Performance

Shares of TWO stock opened at $11.10 on Friday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.27 and a beta of 1.08. Two Harbors Investments Corp has a 1-year low of $8.78 and a 1-year high of $14.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $10.89 and its 200-day simple moving average is $10.57.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Two Harbors Investments had a positive return on equity of 12.00% and a negative net margin of 109.90%.The business had revenue of $182.18 million for the quarter, compared to analyst estimates of ($15.44) million. On average, sell-side analysts predict that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Thursday, April 2nd. Two Harbors Investments’s dividend payout ratio (DPR) is currently -27.81%.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.