Vaughan Nelson Investment Management L.P. lifted its position in Two Harbors Investment Corp (NYSE:TWO) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,407,950 shares of the real estate investment trust’s stock after purchasing an additional 123,350 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Two Harbors Investment were worth $53,845,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in TWO. Two Sigma Advisers LP raised its stake in shares of Two Harbors Investment by 697.4% in the fourth quarter. Two Sigma Advisers LP now owns 198,774 shares of the real estate investment trust’s stock worth $3,232,000 after purchasing an additional 173,847 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Two Harbors Investment by 80.4% in the fourth quarter. Jane Street Group LLC now owns 20,714 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 9,230 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of Two Harbors Investment in the fourth quarter worth about $256,000. Global X Management Co. LLC purchased a new position in shares of Two Harbors Investment in the first quarter worth about $19,815,000. Finally, HL Financial Services LLC purchased a new position in shares of Two Harbors Investment in the first quarter worth about $821,000. Hedge funds and other institutional investors own 65.65% of the company’s stock.
Two Harbors Investment opened at $15.52 on Monday, Marketbeat.com reports. The stock has a market cap of $2.72 billion, a P/E ratio of 7.46 and a beta of 0.30. Two Harbors Investment Corp has a 52 week low of $13.85 and a 52 week high of $16.83. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42.
Two Harbors Investment (NYSE:TWO) last posted its earnings results on Tuesday, May 8th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $97.46 million for the quarter, compared to analyst estimates of $92.64 million. Two Harbors Investment had a return on equity of 10.83% and a net margin of 72.16%. During the same period last year, the company earned $0.27 earnings per share. research analysts anticipate that Two Harbors Investment Corp will post 1.89 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Monday, July 30th. Investors of record on Wednesday, July 25th will be issued a dividend of $0.1584 per share. This represents a yield of 11.78%. The ex-dividend date is Tuesday, July 24th. Two Harbors Investment’s dividend payout ratio (DPR) is 30.29%.
In other Two Harbors Investment news, CFO Brad Farrell sold 9,966 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $15.55, for a total value of $154,971.30. Following the sale, the chief financial officer now directly owns 275,012 shares of the company’s stock, valued at $4,276,436.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Rebecca B. Sandberg sold 2,818 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $15.55, for a total value of $43,819.90. Following the completion of the sale, the general counsel now directly owns 125,490 shares in the company, valued at $1,951,369.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,925 shares of company stock worth $449,784. 1.41% of the stock is owned by corporate insiders.
TWO has been the topic of several analyst reports. Maxim Group dropped their target price on Two Harbors Investment from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, April 27th. ValuEngine lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised Two Harbors Investment from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Saturday, May 12th. JPMorgan Chase & Co. raised their target price on Two Harbors Investment from $15.00 to $16.50 and gave the stock a “$15.84” rating in a report on Monday, July 23rd. Finally, Deutsche Bank lowered Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $17.25.
Two Harbors Investment Company Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
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