KLP Kapitalforvaltning AS purchased a new position in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,014 shares of the real estate investment trust's stock, valued at approximately $284,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust's stock valued at $33,885,000 after acquiring an additional 48,264 shares during the period. Barclays PLC grew its stake in shares of Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock worth $2,395,000 after purchasing an additional 133,869 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Two Harbors Investment in the third quarter valued at $217,000. Van ECK Associates Corp raised its position in Two Harbors Investment by 20.2% during the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust's stock worth $10,564,000 after purchasing an additional 149,870 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Two Harbors Investment by 97.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust's stock worth $687,000 after buying an additional 28,607 shares during the period. Institutional investors and hedge funds own 64.19% of the company's stock.
Two Harbors Investment Stock Up 0.0 %
NYSE TWO traded up $0.01 on Friday, hitting $10.73. 2,478,577 shares of the company were exchanged, compared to its average volume of 1,172,706. Two Harbors Investment Corp. has a 12 month low of $10.16 and a 12 month high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.12 billion, a PE ratio of 5.08 and a beta of 1.36. The stock has a fifty day moving average of $13.16 and a 200-day moving average of $12.45.
Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, analysts forecast that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.
Two Harbors Investment Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 16.78%. Two Harbors Investment's dividend payout ratio is 85.31%.
Wall Street Analysts Forecast Growth
TWO has been the subject of a number of analyst reports. StockNews.com upgraded Two Harbors Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Royal Bank of Canada boosted their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and set a $14.00 price objective on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their target price on shares of Two Harbors Investment from $13.50 to $12.95 and set a "market perform" rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.81.
Get Our Latest Report on Two Harbors Investment
Insider Transactions at Two Harbors Investment
In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 3,014 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.24, for a total transaction of $33,877.36. Following the completion of the sale, the insider now owns 149,364 shares in the company, valued at approximately $1,678,851.36. The trade was a 1.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CIO Nicholas Letica sold 5,737 shares of the firm's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total transaction of $64,713.36. Following the completion of the transaction, the executive now directly owns 168,935 shares in the company, valued at $1,905,586.80. This trade represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,163 shares of company stock valued at $154,005 over the last ninety days. 0.61% of the stock is owned by company insiders.
Two Harbors Investment Company Profile
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Free Report)
Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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