Charles Schwab Investment Management Inc. increased its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,542,458 shares of the real estate investment trust's stock after acquiring an additional 57,915 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.49% of Two Harbors Investment worth $18,247,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. GraniteShares Advisors LLC bought a new position in shares of Two Harbors Investment in the fourth quarter worth approximately $2,476,000. Wolverine Asset Management LLC lifted its stake in shares of Two Harbors Investment by 29.3% in the fourth quarter. Wolverine Asset Management LLC now owns 694,397 shares of the real estate investment trust's stock worth $8,215,000 after buying an additional 157,276 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Two Harbors Investment by 20.2% in the fourth quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust's stock worth $10,564,000 after buying an additional 149,870 shares in the last quarter. Barclays PLC lifted 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 buying an additional 133,869 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Two Harbors Investment by 2.7% in the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust's stock worth $53,814,000 after buying an additional 102,294 shares in the last quarter. Institutional investors own 64.19% of the company's stock.
Two Harbors Investment Stock Performance
Shares of TWO traded down $0.15 during mid-day trading on Friday, hitting $13.68. 2,281,062 shares of the company traded hands, compared to its average volume of 1,058,684. Two Harbors Investment Corp. has a 1 year low of $10.84 and a 1 year high of $14.28. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 6.48 and a beta of 1.86. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The stock has a 50-day moving average price of $13.06 and a two-hundred day moving average price of $12.63.
Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its 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 6.52%. Equities analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.
Two Harbors Investment Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 13.16%. Two Harbors Investment's dividend payout ratio is currently 85.31%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TWO. Compass Point dropped their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating on the stock in a research note on Monday, November 25th. Royal Bank of Canada upped their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. JMP Securities reissued a "market outperform" rating and set a $14.00 price objective on shares of Two Harbors Investment in a report on Thursday, January 23rd. StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.96.
Get Our Latest Stock Analysis on TWO
Insider Buying and Selling at Two Harbors Investment
In other news, CIO Nicholas Letica sold 5,737 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total value of $64,713.36. Following the completion of the sale, the executive now directly owns 168,935 shares of the company's stock, valued at $1,905,586.80. This represents a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rebecca B. Sandberg sold 5,025 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the sale, the insider now directly owns 156,163 shares of the company's stock, valued at approximately $1,750,587.23. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,136 shares of company stock valued at $377,154. Insiders own 0.61% of the company's stock.
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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