Xact Kapitalforvaltning AB acquired a new position in shares of Two Harbors Investment (NYSE:TWO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,734 shares of the real estate investment trust’s stock, valued at approximately $256,000.
Several other large investors have also recently modified their holdings of TWO. Janus Henderson Group PLC boosted its holdings in shares of Two Harbors Investment by 145.8% during the third quarter. Janus Henderson Group PLC now owns 5,705,879 shares of the real estate investment trust’s stock worth $57,515,000 after acquiring an additional 3,384,072 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Two Harbors Investment by 104.8% during the fourth quarter. APG Asset Management N.V. now owns 2,597,335 shares of the real estate investment trust’s stock worth $35,170,000 after acquiring an additional 1,329,335 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Two Harbors Investment by 560.9% during the fourth quarter. Two Sigma Investments LP now owns 1,223,681 shares of the real estate investment trust’s stock worth $19,897,000 after acquiring an additional 1,038,525 shares during the period. Capital Advisors Inc. OK bought a new stake in shares of Two Harbors Investment during the fourth quarter worth approximately $10,807,000. Finally, Atlantic Trust Group LLC acquired a new stake in shares of Two Harbors Investment in the third quarter valued at approximately $2,403,000. Institutional investors own 68.28% of the company’s stock.
In other Two Harbors Investment news, CFO Brad Farrell sold 24,761 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $15.17, for a total transaction of $375,624.37. Following the completion of the transaction, the chief financial officer now directly owns 284,978 shares in the company, valued at $4,323,116.26. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William Roth sold 44,028 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 744,845 shares of the company’s stock, valued at $11,291,850.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,903 shares of company stock valued at $1,241,847. 1.41% of the stock is owned by company insiders.
A number of equities research analysts have recently weighed in on TWO shares. Zacks Investment Research upgraded shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Saturday, January 13th. ValuEngine downgraded shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, B. Riley set a $17.00 price target on shares of Two Harbors Investment and gave the company a “buy” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.80.
NYSE TWO opened at $15.52 on Friday. 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 has a 1-year low of $13.85 and a 1-year high of $17.29. The company has a market capitalization of $2,736.85, a PE ratio of 7.46 and a beta of 0.29.
Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Two Harbors Investment had a net margin of 41.26% and a return on equity of 10.60%. The company had revenue of $100.31 million during the quarter, compared to the consensus estimate of $112.40 million. During the same period in the previous year, the business earned $0.24 earnings per share. sell-side analysts anticipate that Two Harbors Investment will post 1.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders 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 dividend yield of 12.11%. Two Harbors Investment’s payout ratio is 90.38%.
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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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