Bramshill Investments LLC bought a new position in Two Harbors Investment Corp (NYSE:TWO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 62,894 shares of the real estate investment trust’s stock, valued at approximately $1,023,000.
Several other institutional investors and hedge funds also recently modified their holdings of TWO. Advantage Investment Management LLC acquired a new position in shares of Two Harbors Investment in the 4th quarter worth approximately $112,000. The Manufacturers Life Insurance Company raised its holdings in shares of Two Harbors Investment by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 718 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Two Harbors Investment in the 3rd quarter worth approximately $164,000. State of Alaska Department of Revenue acquired a new position in shares of Two Harbors Investment in the 4th quarter worth approximately $165,000. Finally, Delta Asset Management LLC TN acquired a new stake in Two Harbors Investment during the 4th quarter valued at $186,000. 68.28% of the stock is owned by institutional investors and hedge funds.
In other Two Harbors Investment news, CFO Brad Farrell sold 24,761 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $15.17, for a total value of $375,624.37. Following the transaction, the chief financial officer now directly owns 284,978 shares in the company, valued at approximately $4,323,116.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mary Kathryn Riskey sold 3,186 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.16, for a total value of $48,299.76. Following the completion of the transaction, the chief accounting officer now owns 40,624 shares in the company, valued at $615,859.84. The disclosure for this sale can be found here. Insiders sold a total of 81,903 shares of company stock worth $1,241,847 over the last quarter. Corporate insiders own 1.16% of the company’s stock.
TWO stock traded up $0.16 during midday trading on Friday, reaching $15.58. 2,770,059 shares of the company’s stock traded hands, compared to its average volume of 1,547,185. Two Harbors Investment Corp has a 1-year low of $13.85 and a 1-year high of $17.29. The stock has a market capitalization of $2,705.27, a price-to-earnings ratio of 7.49 and a beta of 0.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 1.19.
Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. The firm had revenue of $100.31 million for the quarter, compared to analyst estimates of $112.40 million. Two Harbors Investment had a return on equity of 10.60% and a net margin of 41.26%. During the same period last year, the company earned $0.24 EPS. equities analysts expect that Two Harbors Investment Corp will post 1.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Monday, April 2nd will be given a $0.47 dividend. The ex-dividend date is Thursday, March 29th. This represents a $1.88 dividend on an annualized basis and a yield of 12.07%. Two Harbors Investment’s payout ratio is 90.38%.
A number of equities research analysts recently weighed in on the company. ValuEngine cut Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research raised Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Saturday, January 13th. Finally, B. Riley set a $17.00 price target on Two Harbors Investment and gave the company a “buy” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $18.00.
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About Two Harbors Investment
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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