Barclays PLC boosted its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 68.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 27,406 shares of the real estate investment trust’s stock after purchasing an additional 11,153 shares during the quarter. Barclays PLC’s holdings in Two Harbors Investment were worth $421,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Two Harbors Investment by 217.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 6,588 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 4,515 shares during the period. Signaturefd LLC acquired a new position in shares of Two Harbors Investment in the 1st quarter valued at about $113,000. Optimum Investment Advisors acquired a new position in shares of Two Harbors Investment in the 1st quarter valued at about $139,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Two Harbors Investment in the 1st quarter valued at about $147,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Two Harbors Investment in the 1st quarter valued at about $172,000. Hedge funds and other institutional investors own 65.70% of the company’s stock.
A number of equities analysts have recently weighed in on the company. ValuEngine downgraded Two Harbors Investment from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Zacks Investment Research upgraded Two Harbors Investment from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Saturday, May 12th. Finally, Maxim Group dropped their target price on Two Harbors Investment from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $17.40.
Two Harbors Investment opened at $15.92 on Tuesday, Marketbeat reports. Two Harbors Investment Corp has a 52 week low of $13.85 and a 52 week high of $16.83. The company has a market capitalization of $2.77 billion, a P/E ratio of 7.65 and a beta of 0.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16.
Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Two Harbors Investment had a return on equity of 10.83% and a net margin of 72.16%. The firm had revenue of $97.46 million for the quarter, compared to the consensus estimate of $92.64 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. sell-side analysts anticipate that Two Harbors Investment Corp will post 1.9 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, June 29th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.88 dividend on an annualized basis and a yield of 11.81%. Two Harbors Investment’s dividend payout ratio is currently 90.38%.
In related news, General Counsel Rebecca B. Sandberg sold 2,818 shares of the stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $15.55, for a total value of $43,819.90. Following the transaction, the general counsel now owns 125,490 shares in the company, valued at $1,951,369.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William Roth sold 16,141 shares of the stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $15.55, for a total value of $250,992.55. Following the completion of the transaction, the insider now owns 728,704 shares in the company, valued at approximately $11,331,347.20. The disclosure for this sale can be found here. Insiders sold 28,925 shares of company stock worth $449,784 in the last 90 days. 1.41% of the stock is currently owned by corporate insiders.
About Two Harbors Investment
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
Want to see what other hedge funds are holding TWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Two Harbors Investment Corp (NYSE:TWO).
Receive News & Ratings for Two Harbors Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investment and related companies with MarketBeat.com's FREE daily email newsletter.