Simplify Asset Management Inc. Purchases New Position in Two Harbors Investment Corp. (NYSE:TWO)

Simplify Asset Management Inc. purchased a new stake in shares of Two Harbors Investment Corp. (NYSE:TWO) during the third quarter, HoldingsChannel.com reports. The firm purchased 10,000 shares of the real estate investment trust’s stock, valued at approximately $134,000.

A number of other hedge funds also recently bought and sold shares of the business. Louisiana State Employees Retirement System increased its holdings in Two Harbors Investment by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 52,100 shares of the real estate investment trust’s stock valued at $688,000 after purchasing an additional 1,000 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Two Harbors Investment by 11.3% during the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 1,230 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Two Harbors Investment by 12.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 1,798 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 2,100 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Two Harbors Investment by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock worth $677,000 after acquiring an additional 2,241 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Price Performance

TWO stock traded down $0.04 during trading on Friday, reaching $11.52. The company’s stock had a trading volume of 148,185 shares, compared to its average volume of 1,108,164. Two Harbors Investment Corp. has a 1 year low of $11.28 and a 1 year high of $14.59. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The company’s fifty day moving average is $12.96 and its 200-day moving average is $13.14.

Two Harbors Investment (NYSE:TWO) last issued 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). The firm had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same period last year, the firm posted ($0.01) EPS. Analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current year.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 15.63%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s dividend payout ratio is presently -37.34%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Janney Montgomery Scott started coverage on Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 target price on the stock. Royal Bank of Canada dropped their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Compass Point started coverage on Two Harbors Investment in a research report on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price target on the stock. JMP Securities dropped their price target on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. dropped their price target on 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 assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Two Harbors Investment presently has a consensus rating of “Hold” and an average price target of $14.32.

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.