HighPoint Advisor Group LLC Has $607,000 Position in Two Harbors Investments Corp (TWO)

HighPoint Advisor Group LLC increased its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 19.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,720 shares of the real estate investment trust’s stock after acquiring an additional 10,008 shares during the period. HighPoint Advisor Group LLC’s holdings in Two Harbors Investments Corp were worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Two Harbors Investments Corp by 5,046.7% during the second quarter. Principal Financial Group Inc. now owns 3,179,844 shares of the real estate investment trust’s stock worth $31,512,000 after purchasing an additional 3,118,060 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Two Harbors Investments Corp by 110.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,908,716 shares of the real estate investment trust’s stock worth $58,555,000 after purchasing an additional 3,099,465 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Two Harbors Investments Corp during the second quarter worth approximately $23,009,000. Martingale Asset Management L P boosted its position in Two Harbors Investments Corp by 8,595.4% during the second quarter. Martingale Asset Management L P now owns 1,870,116 shares of the real estate investment trust’s stock worth $18,534,000 after purchasing an additional 1,848,609 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new position in Two Harbors Investments Corp during the third quarter worth approximately $12,781,000.

A number of equities analysts have issued reports on the company. ValuEngine downgraded Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Maxim Group reiterated a “buy” rating and set a $17.00 price target (down previously from $20.50) on shares of Two Harbors Investments Corp in a research report on Thursday, November 9th. B. Riley reiterated a “neutral” rating on shares of Two Harbors Investments Corp in a research report on Wednesday, November 1st. BidaskClub upgraded Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $20.00 price target on shares of Two Harbors Investments Corp in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.50.

TRADEMARK VIOLATION NOTICE: “HighPoint Advisor Group LLC Has $607,000 Position in Two Harbors Investments Corp (TWO)” was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/11/14/highpoint-advisor-group-llc-has-607000-position-in-two-harbors-investments-corp-two.html.

In other news, major shareholder Two Harbors Investment Corp. bought 5,555 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were acquired at an average price of $18.96 per share, for a total transaction of $105,322.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders bought 126,144 shares of company stock worth $2,372,473. Company insiders own 1.16% of the company’s stock.

Two Harbors Investments Corp (NYSE:TWO) traded up $0.16 during midday trading on Tuesday, hitting $15.51. The stock had a trading volume of 2,110,000 shares, compared to its average volume of 1,370,944. The stock has a market capitalization of $2,678.41, a P/E ratio of 7.34 and a beta of 0.58. Two Harbors Investments Corp has a 1-year low of $15.21 and a 1-year high of $21.08. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.33 and a current ratio of 1.33.

Two Harbors Investments Corp (NYSE:TWO) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.24. The business had revenue of $115.03 million for the quarter, compared to the consensus estimate of $112.87 million. Two Harbors Investments Corp had a return on equity of 10.27% and a net margin of 63.23%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. research analysts forecast that Two Harbors Investments Corp will post 2.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 29th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 13.41%. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. Two Harbors Investments Corp’s dividend payout ratio (DPR) is 71.23%.

Two Harbors Investments Corp Company Profile

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

Institutional Ownership by Quarter for Two Harbors Investments Corp (NYSE:TWO)

Receive News & Ratings for Two Harbors Investments Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investments Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply