Nisa Investment Advisors LLC grew its holdings in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 97.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,084 shares of the real estate investment trust's stock after purchasing an additional 28,607 shares during the period. Nisa Investment Advisors LLC owned about 0.06% of Two Harbors Investment worth $687,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new position in shares of Two Harbors Investment in the second quarter valued at $192,000. Sei Investments Co. grew its stake in shares of Two Harbors Investment by 21.0% in the second quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust's stock valued at $1,552,000 after buying an additional 20,403 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Two Harbors Investment in the second quarter valued at $147,000. The Manufacturers Life Insurance Company grew its stake in shares of Two Harbors Investment by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust's stock valued at $677,000 after buying an additional 2,241 shares in the last quarter. Finally, Algert Global LLC grew its stake in shares of Two Harbors Investment by 9.7% in the second quarter. Algert Global LLC now owns 118,400 shares of the real estate investment trust's stock valued at $1,564,000 after buying an additional 10,422 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Compass Point reduced their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a research report on Monday, November 25th. JMP Securities reaffirmed 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. StockNews.com raised shares of Two Harbors Investment to a "sell" rating in a research report on Tuesday. Royal Bank of Canada reduced their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a "neutral" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Two Harbors Investment presently has a consensus rating of "Hold" and an average price target of $13.79.
Get Our Latest Research Report on Two Harbors Investment
Insiders Place Their Bets
In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 3,785 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.14, for a total transaction of $42,164.90. Following the completion of the transaction, the insider now owns 152,378 shares of the company's stock, valued at approximately $1,697,490.92. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CIO Nicholas Letica sold 6,040 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.13, for a total value of $67,225.20. Following the transaction, the executive now directly owns 174,672 shares of the company's stock, valued at approximately $1,944,099.36. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,754 shares of company stock valued at $333,307. 0.61% of the stock is currently owned by corporate insiders.
Two Harbors Investment Price Performance
TWO stock traded up $0.18 during midday trading on Friday, reaching $12.74. The company had a trading volume of 1,838,124 shares, compared to its average volume of 1,217,330. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 6.04 and a beta of 1.83. The stock has a 50 day moving average price of $11.78 and a 200-day moving average price of $12.66. Two Harbors Investment Corp. has a 1-year low of $10.84 and a 1-year high of $14.27. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07.
Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.44%. Equities research analysts expect that Two Harbors Investment Corp. will post 0.82 earnings per share for the current year.
Two Harbors Investment Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 14.13%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment's payout ratio is 85.31%.
Two Harbors Investment Profile
(
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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