Massachusetts Financial Services Co. MA Acquires 26,801 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Massachusetts Financial Services Co. MA raised its holdings in shares of Two Harbors Investment Corp. (NYSE:TWOFree Report) by 1.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,227,050 shares of the real estate investment trust’s stock after purchasing an additional 26,801 shares during the period. Massachusetts Financial Services Co. MA owned 2.32% of Two Harbors Investment worth $29,486,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp increased its position in Two Harbors Investment by 4.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,104 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 781 shares during the period. Barclays PLC increased its position in Two Harbors Investment by 1.6% during the 2nd quarter. Barclays PLC now owns 51,085 shares of the real estate investment trust’s stock valued at $710,000 after purchasing an additional 786 shares during the period. Captrust Financial Advisors increased its position in Two Harbors Investment by 4.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,164 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 860 shares during the period. National Bank of Canada FI increased its position in Two Harbors Investment by 129.6% during the 2nd quarter. National Bank of Canada FI now owns 1,830 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,033 shares during the period. Finally, Teamwork Financial Advisors LLC increased its position in Two Harbors Investment by 7.0% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 15,786 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 1,034 shares during the period. Hedge funds and other institutional investors own 63.80% of the company’s stock.

Two Harbors Investment Price Performance

TWO stock opened at $12.46 on Friday. The firm has a 50 day moving average of $13.60 and a 200 day moving average of $13.20. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 1.00. Two Harbors Investment Corp. has a 52 week low of $9.83 and a 52 week high of $17.31.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Friday, January 12th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 14.45%. The ex-dividend date was Thursday, January 11th. Two Harbors Investment’s payout ratio is -90.00%.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, CFO Mary Kathryn Riskey sold 2,868 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $13.28, for a total transaction of $38,087.04. Following the completion of the sale, the chief financial officer now directly owns 85,755 shares in the company, valued at approximately $1,138,826.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Two Harbors Investment news, CFO Mary Kathryn Riskey sold 2,868 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $13.28, for a total transaction of $38,087.04. Following the completion of the sale, the chief financial officer now directly owns 85,755 shares in the company, valued at approximately $1,138,826.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rebecca B. Sandberg sold 3,466 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $13.28, for a total transaction of $46,028.48. Following the sale, the insider now owns 119,759 shares of the company’s stock, valued at $1,590,399.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,665 shares of company stock worth $594,605. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TWO shares. JMP Securities lifted their price objective on shares of Two Harbors Investment from $12.50 to $15.00 and gave the stock a “market outperform” rating in a research report on Friday, December 15th. TheStreet downgraded shares of Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th. StockNews.com downgraded shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. UBS Group started coverage on shares of Two Harbors Investment in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $14.50 price objective on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Two Harbors Investment from $14.00 to $17.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Two Harbors Investment has a consensus rating of “Hold” and a consensus price target of $15.11.

Read Our Latest Stock Report on Two Harbors Investment

Two Harbors Investment Company Profile

(Free Report)

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

See Also

Institutional Ownership by Quarter for Two Harbors Investment (NYSE:TWO)

Receive News & Ratings for Two Harbors Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investment and related companies with MarketBeat.com's FREE daily email newsletter.