Vanguard Group Inc. Has $108.45 Million Holdings in Two Harbors Investments Corp $TWO

Vanguard Group Inc. trimmed its position in Two Harbors Investments Corp (NYSE:TWO) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,987,952 shares of the real estate investment trust’s stock after selling 294,232 shares during the quarter. Vanguard Group Inc. owned 10.55% of Two Harbors Investments worth $108,451,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Balyasny Asset Management L.P. increased its holdings in Two Harbors Investments by 490.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock valued at $38,599,000 after buying an additional 2,977,196 shares during the period. Invesco Ltd. boosted its position in shares of Two Harbors Investments by 44.5% during the 2nd quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock valued at $28,540,000 after acquiring an additional 815,931 shares in the last quarter. Algebris UK Ltd. bought a new stake in Two Harbors Investments in the third quarter valued at about $17,558,000. Millennium Management LLC raised its position in Two Harbors Investments by 10.6% in the first quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock worth $16,119,000 after purchasing an additional 115,698 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Two Harbors Investments by 7.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 959,992 shares of the real estate investment trust’s stock worth $10,339,000 after purchasing an additional 69,365 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Insiders Place Their Bets

In other news, CFO William Dellal sold 7,087 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $11.44, for a total value of $81,075.28. Following the completion of the sale, the chief financial officer directly owned 36,703 shares in the company, valued at $419,882.32. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Rush sold 23,594 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $11.43, for a total transaction of $269,679.42. Following the completion of the sale, the insider directly owned 98,207 shares of the company’s stock, valued at approximately $1,122,506.01. The trade was a 19.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 129,389 shares of company stock valued at $1,483,046. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TWO shares. UBS Group lowered Two Harbors Investments from a “buy” rating to a “neutral” rating and upped their price objective for the company from $11.00 to $14.00 in a research note on Friday, January 23rd. JPMorgan Chase & Co. decreased their price target on Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Maxim Group cut Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. Zacks Research cut Two Harbors Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Two Harbors Investments in a research note on Monday, December 29th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $12.88.

Two Harbors Investments Stock Performance

TWO stock opened at $9.91 on Thursday. Two Harbors Investments Corp has a 1-year low of $9.00 and a 1-year high of $14.24. The business has a 50-day moving average price of $11.57 and a 200 day moving average price of $10.53. The company has a market capitalization of $1.04 billion, a P/E ratio of -2.03 and a beta of 1.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

Two Harbors Investments (NYSE:TWO) last released its earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). Two Harbors Investments had a positive return on equity of 12.00% and a negative net margin of 109.90%.The company had revenue of $182.18 million for the quarter, compared to analysts’ expectations of ($15.44) million. As a group, equities research analysts forecast that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Monday, January 5th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 13.7%. The ex-dividend date was Monday, January 5th. Two Harbors Investments’s payout ratio is currently -27.81%.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.