Janus Henderson Group PLC decreased its position in shares of Two Harbors Investment Corp (NYSE:TWO) by 2.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,046,146 shares of the real estate investment trust’s stock after selling 26,112 shares during the period. Janus Henderson Group PLC owned approximately 0.42% of Two Harbors Investment worth $15,619,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TWO. Bank of Montreal Can purchased a new stake in Two Harbors Investment during the second quarter valued at about $135,000. Financial Counselors Inc. purchased a new stake in Two Harbors Investment during the second quarter valued at about $168,000. GW Henssler & Associates Ltd. purchased a new stake in Two Harbors Investment during the third quarter valued at about $168,000. First Hawaiian Bank purchased a new stake in Two Harbors Investment during the third quarter valued at about $185,000. Finally, Hudson Valley Investment Advisors Inc. ADV purchased a new stake in Two Harbors Investment during the third quarter valued at about $192,000. Institutional investors and hedge funds own 60.51% of the company’s stock.
Shares of NYSE:TWO opened at $14.43 on Friday. Two Harbors Investment Corp has a 12-month low of $13.85 and a 12-month high of $16.83. The stock has a market cap of $3.51 billion, a PE ratio of 6.94 and a beta of 0.31. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.
Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. Two Harbors Investment had a return on equity of 12.09% and a net margin of 66.36%. The firm had revenue of $84.30 million for the quarter, compared to analysts’ expectations of $82.10 million. During the same period last year, the firm earned $0.52 earnings per share. As a group, analysts anticipate that Two Harbors Investment Corp will post 1.96 EPS for the current year.
TWO has been the topic of a number of recent research reports. Zacks Investment Research raised Two Harbors Investment from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Saturday, October 27th. Barclays set a $17.00 price objective on Two Harbors Investment and gave the company a “buy” rating in a research note on Friday, August 10th. JMP Securities reduced their price objective on Two Harbors Investment from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 15th. Raymond James initiated coverage on Two Harbors Investment in a research note on Thursday, October 11th. They set an “outperform” rating and a $16.50 price objective on the stock. Finally, ValuEngine raised Two Harbors Investment from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $16.25.
In related news, CFO Brad Farrell sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $14.28, for a total value of $57,120.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Siering bought 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was acquired at an average cost of $14.41 per share, for a total transaction of $50,435.00. The disclosure for this purchase can be found here. 1.41% of the stock is currently owned by company insiders.
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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.
Further Reading: Earnings Per Share
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