Two Harbors Investments Corp (TWO) Holdings Lifted by Delphi Financial Group Inc.

Delphi Financial Group Inc. boosted its holdings in shares of Two Harbors Investments Corp (NYSE:TWO) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,193,819 shares of the real estate investment trust’s stock after buying an additional 80,000 shares during the period. Two Harbors Investments Corp makes up about 33.2% of Delphi Financial Group Inc.’s portfolio, making the stock its largest position. Delphi Financial Group Inc. owned approximately 4.12% of Two Harbors Investments Corp worth $72,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TWO. Principal Financial Group Inc. raised its holdings in Two Harbors Investments Corp by 0.7% during the first quarter. Principal Financial Group Inc. now owns 61,784 shares of the real estate investment trust’s stock worth $593,000 after buying an additional 454 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Two Harbors Investments Corp by 14.8% in the first quarter. Teachers Advisors LLC now owns 487,253 shares of the real estate investment trust’s stock valued at $4,673,000 after purchasing an additional 62,736 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Two Harbors Investments Corp in the first quarter valued at about $106,000. Bank of Montreal Can raised its holdings in shares of Two Harbors Investments Corp by 3,421.2% in the second quarter. Bank of Montreal Can now owns 770,580 shares of the real estate investment trust’s stock valued at $7,637,000 after purchasing an additional 748,696 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Two Harbors Investments Corp by 6.8% in the second quarter. Creative Planning now owns 31,455 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 2,009 shares during the last quarter.

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Two Harbors Investments Corp (TWO) traded up $0.10 on Friday, reaching $16.20. 2,225,900 shares of the company traded hands, compared to its average volume of 1,662,388. The company has a market capitalization of $2,826.72, a price-to-earnings ratio of 7.75 and a beta of 0.58. 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 has a one year low of $13.74 and a one year high of $17.29.

Two Harbors Investments Corp (NYSE:TWO) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.24. The company had revenue of $115.03 million during the quarter, compared to analyst estimates of $112.87 million. Two Harbors Investments Corp had a net margin of 63.23% and a return on equity of 10.27%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. equities analysts predict that Two Harbors Investments Corp will post 2.08 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.08 annualized dividend and a yield of 12.84%. This is a positive change from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. Two Harbors Investments Corp’s dividend payout ratio is presently 71.23%.

In related news, Director Brian Taylor purchased 9,500 shares of Two Harbors Investments Corp stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average price of $15.64 per share, for a total transaction of $148,580.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Siering purchased 3,500 shares of Two Harbors Investments Corp stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $15.30 per share, with a total value of $53,550.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 144,144 shares of company stock valued at $2,652,253. 1.16% of the stock is owned by company insiders.

Several analysts have recently commented on TWO shares. Zacks Investment Research upgraded shares of Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, October 25th. ValuEngine upgraded shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 2nd. BidaskClub downgraded shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Barclays PLC increased their target price on shares of Two Harbors Investments Corp from $10.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Finally, Maxim Group reiterated a “buy” rating and issued a $17.00 target price (down previously from $20.50) on shares of Two Harbors Investments Corp in a report on Thursday, November 9th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.50.

Two Harbors Investments Corp 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.

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

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