MetLife Investment Management LLC Boosts Holdings in Two Harbors Investment Corp. (NYSE:TWO)

MetLife Investment Management LLC increased its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,030 shares of the real estate investment trust’s stock after buying an additional 2,384 shares during the period. MetLife Investment Management LLC’s holdings in Two Harbors Investment were worth $734,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Zacks Investment Management acquired a new stake in shares of Two Harbors Investment in the fourth quarter valued at $1,908,000. Barclays PLC raised its position in Two Harbors Investment by 5.8% in the 4th quarter. Barclays PLC now owns 182,501 shares of the real estate investment trust’s stock valued at $2,159,000 after purchasing an additional 9,944 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Two Harbors Investment by 818.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 2,963 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Two Harbors Investment during the fourth quarter worth about $172,000. Finally, Legal & General Group Plc increased its stake in shares of Two Harbors Investment by 1.3% during the fourth quarter. Legal & General Group Plc now owns 284,444 shares of the real estate investment trust’s stock worth $3,365,000 after buying an additional 3,734 shares during the period. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Two Harbors Investment

In other news, insider Rebecca B. Sandberg sold 2,561 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the sale, the insider now owns 146,803 shares in the company, valued at $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on TWO shares. JPMorgan Chase & Co. decreased their price target on shares of Two Harbors Investment from $12.50 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. UBS Group increased their target price on Two Harbors Investment from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods lifted their price target on Two Harbors Investment from $12.95 to $13.25 and gave the stock a “market perform” rating in a report on Wednesday. Royal Bank of Canada increased their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Finally, StockNews.com cut Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.29.

Two Harbors Investment Stock Up 0.8 %

Two Harbors Investment stock opened at $11.87 on Friday. The stock has a 50-day simple moving average of $12.58 and a 200-day simple moving average of $12.28. The company has a market capitalization of $1.23 billion, a P/E ratio of 5.63 and a beta of 1.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment Corp. has a fifty-two week low of $10.16 and a fifty-two week high of $14.28.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. The business had revenue of ($20.33) million for the quarter, compared to analysts’ expectations of ($28.53) million. Equities research analysts expect that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th were issued a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.16%. Two Harbors Investment’s payout ratio is -352.94%.

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.