UBS Asset Management Americas Inc. cut its holdings in shares of Two Harbors Investment Corp (NYSE:TWO) by 48.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,668 shares of the real estate investment trust’s stock after selling 193,367 shares during the period. UBS Asset Management Americas Inc. owned about 0.12% of Two Harbors Investment worth $3,409,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in Two Harbors Investment during the 4th quarter worth approximately $165,000. Delta Asset Management LLC TN acquired a new position in shares of Two Harbors Investment in the 4th quarter worth approximately $186,000. The Manufacturers Life Insurance Company lifted its position 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 purchasing an additional 718 shares during the period. Edge Wealth Management LLC lifted its position in shares of Two Harbors Investment by 194.3% in the 4th quarter. Edge Wealth Management LLC now owns 12,562 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 8,293 shares during the period. Finally, Pinnacle Financial Partners Inc. acquired a new position in shares of Two Harbors Investment in the 4th quarter worth approximately $233,000. Institutional investors and hedge funds own 68.28% of the company’s stock.
TWO has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Saturday, January 20th. B. Riley set a $17.00 price target on shares of Two Harbors Investment and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, ValuEngine downgraded shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Two Harbors Investment has a consensus rating of “Buy” and a consensus target price of $18.00.
Shares of NYSE:TWO traded up $0.16 during mid-day trading on Friday, hitting $15.58. The company had a trading volume of 2,770,059 shares, compared to its average volume of 2,075,172. The firm has a market capitalization of $2,692.99, a P/E ratio of 7.49 and a beta of 0.29. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. Two Harbors Investment Corp has a one year low of $13.85 and a one year high of $17.29.
Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $100.31 million during 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 10.60%. During the same quarter in the previous year, the business posted $0.24 EPS. analysts anticipate that Two Harbors Investment Corp will post 1.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 2nd will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.88 annualized dividend and a dividend yield of 12.07%. Two Harbors Investment’s dividend payout ratio is currently 90.38%.
In related news, CEO Thomas Siering acquired 3,000 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $14.85 per share, for a total transaction of $44,550.00. Following the purchase, the chief executive officer now directly owns 898,683 shares of the company’s stock, valued at approximately $13,345,442.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $667,464.48. Following the completion of the sale, the insider now owns 744,845 shares of the company’s stock, valued at approximately $11,291,850.20. The disclosure for this sale can be found here. Insiders sold a total of 81,903 shares of company stock valued at $1,241,847 in the last quarter. 1.16% of the stock is currently owned by company insiders.
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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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