Strs Ohio grew its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 8.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,060 shares of the real estate investment trust’s stock after purchasing an additional 3,151 shares during the period. Strs Ohio’s holdings in Two Harbors Investment were worth $514,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc grew its holdings in shares of Two Harbors Investment by 44.9% in the third quarter. Vanguard Group Inc now owns 21,929,421 shares of the real estate investment trust’s stock valued at $327,406,000 after acquiring an additional 6,798,312 shares in the last quarter. Vanguard Group Inc. lifted its stake in Two Harbors Investment by 44.9% in the third quarter. Vanguard Group Inc. now owns 21,929,421 shares of the real estate investment trust’s stock valued at $327,406,000 after purchasing an additional 6,798,312 shares during the last quarter. State Treasurer State of Michigan lifted its stake in Two Harbors Investment by 37.8% in the third quarter. State Treasurer State of Michigan now owns 11,552,142 shares of the real estate investment trust’s stock valued at $172,473,000 after purchasing an additional 3,170,000 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. lifted its stake in Two Harbors Investment by 79.2% in the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 5,652,380 shares of the real estate investment trust’s stock valued at $84,390,000 after purchasing an additional 2,498,679 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Two Harbors Investment in the third quarter valued at approximately $32,716,000. 60.95% of the stock is owned by hedge funds and other institutional investors.
TWO opened at $14.01 on Tuesday. The firm has a market capitalization of $3.48 billion, a P/E ratio of 7.11 and a beta of 0.56. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Two Harbors Investment Corp has a 52 week low of $12.63 and a 52 week high of $16.27.
Two Harbors Investment (NYSE:TWO) last released its earnings results on Wednesday, February 6th. The real estate investment trust reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $89.65 million for the quarter, compared to analysts’ expectations of $106.46 million. Two Harbors Investment had a positive return on equity of 13.78% and a negative net margin of 4.12%. The firm’s revenue was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, sell-side analysts anticipate that Two Harbors Investment Corp will post 1.91 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 28th. Stockholders of record on Monday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.42%. Two Harbors Investment’s dividend payout ratio (DPR) is currently 95.43%.
In other news, CFO Brad Farrell sold 29,095 shares of the stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $14.48, for a total transaction of $421,295.60. Following the completion of the sale, the chief financial officer now directly owns 265,087 shares in the company, valued at $3,838,459.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William Roth sold 58,040 shares of the stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $14.46, for a total transaction of $839,258.40. Following the sale, the insider now owns 730,122 shares of the company’s stock, valued at $10,557,564.12. The disclosure for this sale can be found here. Insiders have sold 132,572 shares of company stock worth $1,916,447 over the last ninety days. Insiders own 1.41% of the company’s stock.
Several equities analysts recently commented on the company. ValuEngine upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. TheStreet downgraded Two Harbors Investment from a “c” rating to a “d+” rating in a research note on Thursday, February 7th. Credit Suisse Group reiterated a “hold” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a research note on Thursday, February 7th. Finally, Barclays set a $16.00 price objective on Two Harbors Investment and gave the company a “buy” rating in a research note on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.63.
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Two Harbors Investment Company Profile
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), non-agency securities, 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, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
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