Prudential Financial Inc. Lowers Holdings in Two Harbors Investments Corp $TWO

Prudential Financial Inc. lowered its position in shares of Two Harbors Investments Corp (NYSE:TWO) by 63.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,273 shares of the real estate investment trust’s stock after selling 184,245 shares during the period. Prudential Financial Inc. owned about 0.10% of Two Harbors Investments worth $1,155,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Two Harbors Investments by 12.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 890,627 shares of the real estate investment trust’s stock valued at $11,899,000 after purchasing an additional 100,311 shares in the last quarter. LPL Financial LLC lifted its holdings in Two Harbors Investments by 36.7% during the first quarter. LPL Financial LLC now owns 161,247 shares of the real estate investment trust’s stock worth $2,154,000 after buying an additional 43,253 shares during the period. Public Sector Pension Investment Board boosted its position in Two Harbors Investments by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 328,814 shares of the real estate investment trust’s stock valued at $4,393,000 after acquiring an additional 70,584 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Two Harbors Investments by 168.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 744,028 shares of the real estate investment trust’s stock valued at $8,013,000 after acquiring an additional 466,957 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Two Harbors Investments by 95.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,615 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 6,658 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TWO has been the subject of a number of analyst reports. Wall Street Zen upgraded Two Harbors Investments from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. UBS Group cut their price objective on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Two Harbors Investments presently has an average rating of “Hold” and an average target price of $11.96.

Two Harbors Investments Stock Performance

TWO opened at $10.20 on Monday. The company has a market cap of $1.06 billion, a P/E ratio of -4.08 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average price is $9.79 and its 200-day moving average price is $10.11. Two Harbors Investments Corp has a 52-week low of $9.30 and a 52-week high of $14.28.

Two Harbors Investments (NYSE:TWO) last released its earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share for the quarter. The company had revenue of ($18.67) million for the quarter. Two Harbors Investments had a negative net margin of 44.10% and a positive return on equity of 11.92%. As a group, equities analysts anticipate that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

About Two Harbors Investments

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.