Janus Henderson Group PLC acquired a new position in shares of Two Harbors Investments Corp (NYSE:TWO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,321,807 shares of the real estate investment trust’s stock, valued at approximately $23,009,000. Janus Henderson Group PLC owned about 0.67% of Two Harbors Investments Corp at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Optimum Investment Advisors raised its holdings in Two Harbors Investments Corp by 0.7% in the 2nd quarter. Optimum Investment Advisors now owns 17,687 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 117 shares during the last quarter. CIBC World Markets Inc. raised its holdings in Two Harbors Investments Corp by 1.1% in the 2nd quarter. CIBC World Markets Inc. now owns 15,140 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 162 shares during the last quarter. World Asset Management Inc raised its holdings in Two Harbors Investments Corp by 1.4% in the 2nd quarter. World Asset Management Inc now owns 12,582 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 175 shares during the last quarter. Cadence Capital Management LLC grew its stake in shares of Two Harbors Investments Corp by 1.6% during the 2nd quarter. Cadence Capital Management LLC now owns 12,310 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 190 shares during the period. Finally, Utah Retirement Systems grew its stake in shares of Two Harbors Investments Corp by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock valued at $628,000 after buying an additional 262 shares during the period. Hedge funds and other institutional investors own 70.28% of the company’s stock.
Shares of Two Harbors Investments Corp (NYSE TWO) traded up 1.13% during midday trading on Friday, hitting $9.85. 2,580,531 shares of the stock were exchanged. The stock’s 50 day moving average is $10.09 and its 200 day moving average is $10.02. Two Harbors Investments Corp has a 12-month low of $8.20 and a 12-month high of $10.54. The firm has a market cap of $3.44 billion, a P/E ratio of 6.43 and a beta of 0.58. Two Harbors Investments Corp’s stock is going to reverse split before the market opens on Thursday, November 2nd. The 1-2 reverse split was announced on Thursday, September 14th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 1st.
Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. Two Harbors Investments Corp had a net margin of 72.15% and a return on equity of 10.26%. The business had revenue of $117.79 million during the quarter, compared to analyst estimates of $123.04 million. During the same quarter last year, the business earned $0.22 EPS. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Two Harbors Investments Corp will post $1.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.04 annualized dividend and a yield of 10.56%. Two Harbors Investments Corp’s payout ratio is 72.73%.
Several analysts have recently issued reports on TWO shares. Credit Suisse Group assumed coverage on shares of Two Harbors Investments Corp in a research note on Wednesday, July 5th. They set an “outperform” rating and a $10.50 price objective for the company. Zacks Investment Research cut shares of Two Harbors Investments Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. BidaskClub cut shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Maxim Group reaffirmed a “buy” rating and set a $10.25 price target on shares of Two Harbors Investments Corp in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $9.95.
In related news, major shareholder Two Harbors Investment Corp. acquired 25,000 shares of Two Harbors Investments Corp stock in a transaction dated Friday, October 20th. The stock was bought at an average price of $18.50 per share, with a total value of $462,500.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Siering acquired 5,000 shares of Two Harbors Investments Corp stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $10.14 per share, with a total value of $50,700.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 206,356 shares of company stock valued at $3,569,692. Company insiders own 1.16% of the company’s stock.
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Two Harbors Investments Corp 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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