KAMES CAPITAL plc raised its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 875,479 shares of the real estate investment trust’s stock after acquiring an additional 41,247 shares during the period. KAMES CAPITAL plc owned about 0.32% of Two Harbors Investment worth $11,486,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp raised its stake in shares of Two Harbors Investment by 3.6% during the 2nd quarter. Northern Trust Corp now owns 1,358,493 shares of the real estate investment trust’s stock worth $17,214,000 after purchasing an additional 47,064 shares during the period. Cetera Advisor Networks LLC raised its stake in shares of Two Harbors Investment by 9.4% during the 2nd quarter. Cetera Advisor Networks LLC now owns 34,312 shares of the real estate investment trust’s stock worth $436,000 after purchasing an additional 2,936 shares during the period. Putnam Investments LLC raised its stake in shares of Two Harbors Investment by 507.1% during the 2nd quarter. Putnam Investments LLC now owns 317,510 shares of the real estate investment trust’s stock worth $4,023,000 after purchasing an additional 265,207 shares during the period. AGF Investments LLC raised its stake in shares of Two Harbors Investment by 52.3% during the 2nd quarter. AGF Investments LLC now owns 25,670 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 8,816 shares during the period. Finally, Phocas Financial Corp. bought a new stake in shares of Two Harbors Investment during the 2nd quarter worth $27,000. Institutional investors own 63.13% of the company’s stock.
Two Harbors Investment stock traded up $0.14 during midday trading on Monday, reaching $13.68. The stock had a trading volume of 760,314 shares, compared to its average volume of 1,647,857. Two Harbors Investment Corp has a 12 month low of $12.06 and a 12 month high of $14.86. The firm’s 50-day moving average price is $13.21 and its 200 day moving average price is $13.16. The firm has a market capitalization of $3.70 billion, a PE ratio of 6.94 and a beta of 0.63. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.09.
Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). Two Harbors Investment had a negative net margin of 57.33% and a positive return on equity of 13.49%. The firm had revenue of $68.59 million during the quarter, compared to the consensus estimate of $63.20 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Equities research analysts expect that Two Harbors Investment Corp will post 1.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.70%. The ex-dividend date of this dividend is Friday, September 27th. Two Harbors Investment’s dividend payout ratio is currently 81.22%.
A number of research firms have recently commented on TWO. JPMorgan Chase & Co. lowered their target price on Two Harbors Investment from $14.50 to $13.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Maxim Group reiterated a “buy” rating and set a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday, August 8th. Nomura set a $14.00 target price on Two Harbors Investment and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Royal Bank of Canada assumed coverage on Two Harbors Investment in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $15.00 price objective on the stock. Finally, Raymond James set a $15.00 price objective on Two Harbors Investment and gave the company a “buy” rating in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Two Harbors Investment presently has a consensus rating of “Buy” and an average price target of $14.83.
In related news, Director Karen Hammond bought 5,600 shares of Two Harbors Investment stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $13.30 per share, with a total value of $74,480.00. Following the acquisition, the director now directly owns 47,262 shares of the company’s stock, valued at $628,584.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Siering bought 5,000 shares of Two Harbors Investment stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of $13.11 per share, with a total value of $65,550.00. The disclosure for this purchase can be found here. Insiders own 0.86% 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, and hybrid adjustable-rate mortgage (ARMs); 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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