California Public Employees Retirement System raised its stake in Two Harbors Investment Corp (NYSE:TWO) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,082,588 shares of the real estate investment trust’s stock after purchasing an additional 139,088 shares during the quarter. California Public Employees Retirement System owned about 0.62% of Two Harbors Investment worth $10,912,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Two Harbors Investment by 1.2% in the second quarter. Vanguard Group Inc. now owns 28,500,232 shares of the real estate investment trust’s stock valued at $282,437,000 after purchasing an additional 329,603 shares during the period. Delphi Financial Group Inc. raised its position in Two Harbors Investment by 1.1% in the third quarter. Delphi Financial Group Inc. now owns 7,193,819 shares of the real estate investment trust’s stock valued at $72,442,000 after purchasing an additional 80,000 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Two Harbors Investment by 110.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,908,716 shares of the real estate investment trust’s stock valued at $58,555,000 after purchasing an additional 3,099,465 shares during the period. Janus Henderson Group PLC raised its position in Two Harbors Investment by 145.8% in the third quarter. Janus Henderson Group PLC now owns 5,705,879 shares of the real estate investment trust’s stock valued at $57,515,000 after purchasing an additional 3,384,072 shares during the period. Finally, State Street Corp raised its position in Two Harbors Investment by 4.3% in the second quarter. State Street Corp now owns 5,254,781 shares of the real estate investment trust’s stock valued at $52,078,000 after purchasing an additional 217,529 shares during the period.
Two Harbors Investment Corp (TWO) opened at $15.85 on Friday. The company has a market capitalization of $2,770.00, a PE ratio of 5.47 and a beta of 0.52. Two Harbors Investment Corp has a 52 week low of $13.96 and a 52 week high of $17.29. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.37.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were paid a $0.47 dividend. The ex-dividend date was Friday, December 22nd. This represents a $1.88 dividend on an annualized basis and a yield of 11.86%. Two Harbors Investment’s dividend payout ratio (DPR) is 72.41%.
In other Two Harbors Investment news, major shareholder Two Harbors Investment Corp. bought 4,741 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were purchased at an average price of $18.96 per share, with a total value of $89,889.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Taylor bought 9,500 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average cost of $15.64 per share, for a total transaction of $148,580.00. The disclosure for this purchase can be found here. Insiders purchased 77,338 shares of company stock valued at $1,389,578 over the last quarter. Insiders own 1.16% of the company’s stock.
Several analysts have recently weighed in on TWO shares. ValuEngine upgraded Two Harbors Investment from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research downgraded Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Barclays raised their target price on Two Harbors Investment from $10.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. B. Riley restated a “neutral” rating on shares of Two Harbors Investment in a research note on Wednesday, November 1st. Finally, Maxim Group restated a “buy” rating and set a $17.00 target price (down from $20.50) on shares of Two Harbors Investment in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $18.50.
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Two Harbors Investment 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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