Vanguard Group Inc. increased its position in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,490,101 shares of the real estate investment trust's stock after acquiring an additional 329,762 shares during the period. Vanguard Group Inc. owned approximately 11.09% of Two Harbors Investment worth $135,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment in the third quarter worth $64,000. KBC Group NV boosted its holdings in Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 3,077 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in Two Harbors Investment during the 4th quarter worth about $130,000. Simplify Asset Management Inc. raised its stake in shares of Two Harbors Investment by 10.0% during the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock valued at $130,000 after buying an additional 1,000 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Two Harbors Investment during the 4th quarter valued at about $172,000. Institutional investors and hedge funds own 64.19% of the company's stock.
Two Harbors Investment Price Performance
Shares of NYSE TWO traded up $0.01 during trading on Friday, hitting $10.73. The company had a trading volume of 2,478,577 shares, compared to its average volume of 1,172,706. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 5.08 and a beta of 1.36. The stock has a fifty day simple moving average of $13.16 and a two-hundred day simple moving average of $12.45. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. Two Harbors Investment Corp. has a fifty-two week low of $10.16 and a fifty-two week high of $14.28.
Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. On average, research analysts expect 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. Shareholders of record on Friday, April 4th will be issued a $0.45 dividend. 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 16.78%. Two Harbors Investment's payout ratio is currently 85.31%.
Insiders Place Their Bets
In related news, CIO Nicholas Letica sold 5,737 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total transaction of $64,713.36. Following the transaction, the executive now owns 168,935 shares in the company, valued at approximately $1,905,586.80. This trade represents a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Rebecca B. Sandberg sold 3,014 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.24, for a total value of $33,877.36. Following the completion of the sale, the insider now owns 149,364 shares of the company's stock, valued at approximately $1,678,851.36. The trade was a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,163 shares of company stock valued at $154,005 in the last 90 days. 0.61% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts recently commented on TWO shares. StockNews.com raised Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Royal Bank of Canada raised their price objective 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. Keefe, Bruyette & Woods decreased 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. JMP Securities restated a "market outperform" rating and set a $14.00 price target on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped 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, January 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.81.
Read Our Latest Stock Report on TWO
Two Harbors Investment Company 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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