Swiss National Bank increased its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 625,352 shares of the real estate investment trust’s stock after acquiring an additional 5,400 shares during the period. Swiss National Bank owned approximately 0.23% of Two Harbors Investment worth $4,584,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in Two Harbors Investment in the 4th quarter valued at $19,613,000. Brandywine Global Investment Management LLC increased its holdings in shares of Two Harbors Investment by 21.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 6,871,391 shares of the real estate investment trust’s stock worth $43,771,000 after buying an additional 1,191,496 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Two Harbors Investment during the 4th quarter worth $6,484,000. UBS Oconnor LLC increased its stake in Two Harbors Investment by 852.6% in the fourth quarter. UBS Oconnor LLC now owns 714,480 shares of the real estate investment trust’s stock valued at $4,551,000 after acquiring an additional 639,480 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Two Harbors Investment by 26.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,776,193 shares of the real estate investment trust’s stock valued at $17,684,000 after purchasing an additional 577,560 shares in the last quarter. 59.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of TWO opened at $7.61 on Friday. The stock has a market cap of $2.08 billion, a PE ratio of 5.60 and a beta of 1.82. Two Harbors Investment Corp. has a twelve month low of $4.62 and a twelve month high of $7.89. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average price is $7.37.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 29th. Investors of record on Monday, March 29th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 26th. This represents a $0.68 annualized dividend and a yield of 8.94%. Two Harbors Investment’s payout ratio is 87.18%.
TWO has been the topic of several recent research reports. Zacks Investment Research upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Saturday, May 22nd. TheStreet upgraded shares of Two Harbors Investment from a “d” rating to a “c” rating in a research report on Wednesday, May 26th. Finally, BTIG Research restated a “hold” rating on shares of Two Harbors Investment in a report on Friday, May 7th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.79.
In related news, Director Thomas Siering sold 200,000 shares of the stock in a transaction dated Thursday, May 13th. The shares were sold at an average price of $6.98, for a total value of $1,396,000.00. Following the completion of the transaction, the director now directly owns 549,706 shares in the company, valued at approximately $3,836,947.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.
Two Harbors Investment 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, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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