Parkwood LLC reduced its position in Two Harbors Investments Corp (NYSE:TWO) by 25.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,346 shares of the real estate investment trust’s stock after selling 7,472 shares during the period. Parkwood LLC’s holdings in Two Harbors Investments Corp were worth $221,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of TWO. Boston Partners raised its position in Two Harbors Investments Corp by 21.8% in the first quarter. Boston Partners now owns 7,244,328 shares of the real estate investment trust’s stock worth $69,473,000 after buying an additional 1,295,633 shares during the last quarter. Vanguard Group Inc. raised its position in Two Harbors Investments Corp by 4.0% in the first quarter. Vanguard Group Inc. now owns 28,170,629 shares of the real estate investment trust’s stock worth $270,156,000 after buying an additional 1,095,212 shares during the last quarter. Global X Management Co. LLC raised its position in Two Harbors Investments Corp by 75.8% in the first quarter. Global X Management Co. LLC now owns 1,888,979 shares of the real estate investment trust’s stock worth $18,115,000 after buying an additional 814,751 shares during the last quarter. Bank of Montreal Can raised its position in Two Harbors Investments Corp by 3,421.2% in the second quarter. Bank of Montreal Can now owns 770,580 shares of the real estate investment trust’s stock worth $7,637,000 after buying an additional 748,696 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in Two Harbors Investments Corp during the first quarter worth approximately $6,759,000. 72.26% of the stock is owned by hedge funds and other institutional investors.
Shares of Two Harbors Investments Corp (NYSE:TWO) traded up 0.80% during midday trading on Monday, hitting $10.07. The company had a trading volume of 3,042,398 shares. The stock has a 50 day moving average price of $9.89 and a 200 day moving average price of $9.72. Two Harbors Investments Corp has a 1-year low of $7.91 and a 1-year high of $10.54. The firm has a market capitalization of $3.51 billion, a P/E ratio of 6.57 and a beta of 0.59.
Two Harbors Investments Corp (NYSE:TWO) last issued its earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $117.79 million during the quarter, compared to the consensus estimate of $123.04 million. Two Harbors Investments Corp had a net margin of 72.15% and a return on equity of 10.26%. Two Harbors Investments Corp’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, equities analysts anticipate that Two Harbors Investments Corp will post $1.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, June 30th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.04 annualized dividend and a yield of 10.33%. This is an increase from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. Two Harbors Investments Corp’s dividend payout ratio is currently 72.73%.
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A number of equities analysts have recently commented on TWO shares. Maxim Group reaffirmed a “buy” rating and issued a $10.25 price target on shares of Two Harbors Investments Corp in a report on Wednesday, June 7th. Credit Suisse Group started coverage on Two Harbors Investments Corp in a report on Wednesday, July 5th. They issued an “outperform” rating and a $10.50 price target for the company. Zacks Investment Research lowered Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Finally, BidaskClub lowered Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $9.95.
In other news, major shareholder Two Harbors Investment Corp. bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was bought at an average price of $19.07 per share, with a total value of $476,750.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 43,212 shares of company stock valued at $824,599 in the last ninety days. 1.16% of the stock is currently owned by insiders.
Two Harbors Investments Corp Company Profile
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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