Two Harbors Investments Corp $TWO Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its holdings in Two Harbors Investments Corp (NYSE:TWO) by 63.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 107,273 shares of the real estate investment trust’s stock after selling 184,245 shares during the period. Prudential Financial Inc.’s holdings in Two Harbors Investments were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in shares of Two Harbors Investments by 10.8% in the 1st quarter. Cetera Investment Advisers now owns 45,415 shares of the real estate investment trust’s stock valued at $607,000 after acquiring an additional 4,434 shares during the last quarter. LPL Financial LLC lifted its position 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 valued at $2,154,000 after purchasing an additional 43,253 shares during the period. Federated Hermes Inc. acquired a new position in Two Harbors Investments during the first quarter valued at $140,000. PNC Financial Services Group Inc. boosted its holdings in Two Harbors Investments by 95.7% in the first quarter. PNC Financial Services Group Inc. now owns 13,615 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 6,658 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Two Harbors Investments during the 1st quarter worth about $381,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investments Stock Performance

Shares of TWO stock opened at $10.20 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.13. Two Harbors Investments Corp has a 12-month low of $9.30 and a 12-month high of $14.28. The business’s 50 day moving average is $9.79 and its two-hundred day moving average is $10.11. The company has a market capitalization of $1.06 billion, a P/E ratio of -4.08 and a beta of 1.20.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Monday, March 7th. The real estate investment trust reported $0.24 EPS for the quarter. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%.The business had revenue of ($18.67) million during the quarter. Analysts expect that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.