First Trust Advisors LP reduced its stake in Two Harbors Investment Corp (NYSE:TWO) by 14.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,081,402 shares of the real estate investment trust’s stock after selling 183,697 shares during the quarter. First Trust Advisors LP owned approximately 0.44% of Two Harbors Investment worth $16,145,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Boston Partners increased its stake in Two Harbors Investment by 2.3% in the 2nd quarter. Boston Partners now owns 3,419,235 shares of the real estate investment trust’s stock worth $54,023,000 after buying an additional 78,277 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Two Harbors Investment by 3.8% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,407,950 shares of the real estate investment trust’s stock worth $53,845,000 after buying an additional 123,350 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. increased its stake in Two Harbors Investment by 13.2% in the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 3,153,701 shares of the real estate investment trust’s stock worth $49,828,000 after buying an additional 367,155 shares in the last quarter. LSV Asset Management increased its stake in Two Harbors Investment by 5.2% in the 2nd quarter. LSV Asset Management now owns 2,423,320 shares of the real estate investment trust’s stock worth $38,288,000 after buying an additional 119,950 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Two Harbors Investment by 5.4% in the 2nd quarter. Northern Trust Corp now owns 1,769,152 shares of the real estate investment trust’s stock worth $27,953,000 after buying an additional 90,952 shares in the last quarter. 47.77% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Compass Point set a $16.00 price target on Two Harbors Investment and gave the stock a “buy” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. increased their price target on Two Harbors Investment from $15.00 to $16.50 and gave the stock a “$15.84” rating in a research note on Monday, July 23rd. ValuEngine lowered Two Harbors Investment from a “sell” rating to a “strong sell” rating in a research note on Friday, September 21st. Finally, Barclays set a $17.00 price target on Two Harbors Investment and gave the stock a “buy” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.29.
Shares of Two Harbors Investment stock opened at $14.46 on Friday. The stock has a market cap of $3.67 billion, a PE ratio of 6.95 and a beta of 0.31. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.47. Two Harbors Investment Corp has a twelve month low of $13.85 and a twelve month high of $16.83.
Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. The firm had revenue of $84.30 million during the quarter, compared to analyst estimates of $82.10 million. Two Harbors Investment had a return on equity of 13.06% and a net margin of 66.36%. During the same quarter last year, the business posted $0.52 earnings per share. Analysts anticipate that Two Harbors Investment Corp will post 1.93 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Monday, October 29th. Stockholders of record on Monday, October 1st were given a dividend of $0.3116 per share. This is a positive change from Two Harbors Investment’s previous special dividend of $0.16. The ex-dividend date of this dividend was Friday, September 28th. This represents a dividend yield of 12.34%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 60.10%.
In other news, Director James J. Bender sold 3,460 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $15.60, for a total transaction of $53,976.00. Following the completion of the transaction, the director now owns 24,065 shares in the company, valued at $375,414. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas Siering acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were purchased at an average price of $15.41 per share, with a total value of $77,050.00. The disclosure for this purchase can be found here. Company insiders own 1.41% of the company’s stock.
Two Harbors Investment 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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