Swiss National Bank Sells 605,264 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Swiss National Bank trimmed its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO – Get Rating) by 74.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 207,888 shares of the real estate investment trust’s stock after selling 605,264 shares during the quarter. Swiss National Bank owned 0.24% of Two Harbors Investment worth $3,278,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Emerald Mutual Fund Advisers Trust bought a new stake in Two Harbors Investment during the 4th quarter worth approximately $75,000. Counterpoint Mutual Funds LLC acquired a new position in Two Harbors Investment during the 4th quarter worth approximately $102,000. Guardian Wealth Advisors LLC acquired a new position in Two Harbors Investment during the 3rd quarter worth approximately $30,000. Sequoia Financial Advisors LLC acquired a new position in Two Harbors Investment during the 1st quarter worth approximately $58,000. Finally, Boenning & Scattergood Inc. acquired a new position in Two Harbors Investment during the 4th quarter worth approximately $59,000.

Two Harbors Investment Stock Up 0.3 %

TWO opened at $12.35 on Tuesday. Two Harbors Investment Corp. has a 1-year low of $11.59 and a 1-year high of $21.84. The stock’s fifty day simple moving average is $13.40 and its 200 day simple moving average is $15.41. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.19 billion, a PE ratio of -3.73 and a beta of 1.75.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Tuesday, April 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 19.43%. The ex-dividend date was Monday, April 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is presently -72.51%.

Analysts Set New Price Targets

A number of research firms have weighed in on TWO. JMP Securities reduced their price target on Two Harbors Investment from $18.00 to $14.50 and set an “outperform” rating for the company in a research report on Friday, April 21st. Keefe, Bruyette & Woods increased their price objective on Two Harbors Investment from $17.25 to $17.50 and gave the company a “market perform” rating in a report on Wednesday, February 15th. JPMorgan Chase & Co. cut their price objective on Two Harbors Investment from $17.00 to $15.00 in a report on Monday, April 24th. Royal Bank of Canada increased their price objective on Two Harbors Investment from $16.00 to $17.00 and gave the company a “sector perform” rating in a report on Friday, February 17th. Finally, Citigroup increased their price objective on Two Harbors Investment from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Two Harbors Investment presently has a consensus rating of “Hold” and an average target price of $16.38.

Insider Activity at Two Harbors Investment

In related news, Director Stephen G. Kasnet sold 6,863 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $12.28, for a total value of $84,277.64. Following the sale, the director now owns 80,035 shares in the company, valued at approximately $982,829.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by company insiders.

Two Harbors Investment Profile

(Get Rating)

Two Harbors Investment Corp. is a real estate investment trust, which invests in, finances, and manages agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.