55,735 Shares in Two Harbors Investment Corp (TWO) Purchased by Covenant Multifamily Offices LLC

Covenant Multifamily Offices LLC bought a new position in shares of Two Harbors Investment Corp (NYSE:TWO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,735 shares of the real estate investment trust’s stock, valued at approximately $906,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in Two Harbors Investment by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 718 shares during the last quarter. Cipher Capital LP boosted its position in Two Harbors Investment by 3.7% during the third quarter. Cipher Capital LP now owns 92,351 shares of the real estate investment trust’s stock worth $931,000 after acquiring an additional 3,309 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Two Harbors Investment by 3.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 136,637 shares of the real estate investment trust’s stock worth $1,354,000 after acquiring an additional 3,957 shares during the last quarter. HighTower Advisors LLC boosted its position in Two Harbors Investment by 49.7% during the second quarter. HighTower Advisors LLC now owns 16,435 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 5,454 shares during the last quarter. Finally, Camelot Portfolios LLC boosted its position in Two Harbors Investment by 2.8% during the third quarter. Camelot Portfolios LLC now owns 204,379 shares of the real estate investment trust’s stock worth $2,060,000 after acquiring an additional 5,561 shares during the last quarter.

A number of brokerages recently issued reports on TWO. B. Riley restated a “neutral” rating on shares of Two Harbors Investment in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Saturday, January 20th. Barclays raised their target price on shares of Two Harbors Investment from $10.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Maxim Group restated a “buy” rating and set a $17.00 target price (down previously from $20.50) on shares of Two Harbors Investment in a research report on Thursday, November 9th. Finally, ValuEngine lowered shares of Two Harbors Investment from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.00.

In other Two Harbors Investment news, insider William Roth sold 44,028 shares of Two Harbors Investment stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.16, for a total value of $667,464.48. Following the transaction, the insider now owns 744,845 shares in the company, valued at approximately $11,291,850.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian Taylor purchased 9,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was bought at an average price of $15.64 per share, for a total transaction of $148,580.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 81,283 shares of company stock worth $1,232,498. 1.16% of the stock is owned by company insiders.

Two Harbors Investment Corp (TWO) opened at $15.09 on Wednesday. The firm has a market cap of $2,617.45, a price-to-earnings ratio of 7.21 and a beta of 0.36. Two Harbors Investment Corp has a 1-year low of $13.85 and a 1-year 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.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. The company had revenue of $100.31 million for the quarter, compared to analyst estimates of $112.40 million. Two Harbors Investment had a net margin of 41.26% and a return on equity of 10.06%. During the same quarter last year, the business earned $0.24 EPS. equities research analysts expect that Two Harbors Investment Corp will post 1.87 earnings per share for the current year.

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Two Harbors Investment 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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Institutional Ownership by Quarter for Two Harbors Investment (NYSE:TWO)

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