Simplify Asset Management Inc. Makes New $134,000 Investment in Two Harbors Investment Corp. (NYSE:TWO)

Simplify Asset Management Inc. bought a new position in shares of Two Harbors Investment Corp. (NYSE:TWO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the real estate investment trust’s stock, valued at approximately $134,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TWO. Texas Permanent School Fund Corp raised its holdings in shares of Two Harbors Investment by 8.7% in the first quarter. Texas Permanent School Fund Corp now owns 90,003 shares of the real estate investment trust’s stock valued at $1,192,000 after purchasing an additional 7,229 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Two Harbors Investment by 64.9% during the 1st quarter. SG Americas Securities LLC now owns 13,188 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 5,188 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Two Harbors Investment by 14.7% in the 1st quarter. ProShare Advisors LLC now owns 20,927 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 2,688 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Two Harbors Investment by 39.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 38,733 shares of the real estate investment trust’s stock valued at $570,000 after acquiring an additional 10,960 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Two Harbors Investment by 12.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,743 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 1,798 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Stock Performance

TWO stock traded down $0.04 during midday trading on Friday, reaching $11.52. 148,185 shares of the company’s stock traded hands, compared to its average volume of 1,108,164. Two Harbors Investment Corp. has a 52 week low of $11.28 and a 52 week high of $14.59. The company has a 50-day moving average price of $12.96 and a two-hundred day moving average price of $13.14. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The business had revenue of $112.64 million for the quarter. During the same quarter in the prior year, the firm earned ($0.01) EPS. Sell-side analysts forecast that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

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

Analyst Ratings Changes

TWO has been the subject of a number of recent analyst reports. JMP Securities reduced their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada reduced their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Compass Point began coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 target price on the stock. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.32.

Two Harbors Investment 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.