PFG Advisors lessened its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,950 shares of the real estate investment trust’s stock after selling 1,650 shares during the period. PFG Advisors’ holdings in Two Harbors Investment were worth $286,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of TWO. Inspire Advisors LLC acquired a new stake in Two Harbors Investment during the fourth quarter valued at approximately $44,000. Baldwin Brothers Inc. MA grew its holdings in shares of Two Harbors Investment by 97.6% during the first quarter. Baldwin Brothers Inc. MA now owns 8,100 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 4,000 shares during the last quarter. Camden Capital LLC bought a new position in shares of Two Harbors Investment during the fourth quarter valued at approximately $64,000. IHT Wealth Management LLC grew its holdings in shares of Two Harbors Investment by 20.2% during the third quarter. IHT Wealth Management LLC now owns 12,709 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 2,132 shares during the last quarter. Finally, Barnett & Company Inc. boosted its stake in Two Harbors Investment by 340.0% during the 1st quarter. Barnett & Company Inc. now owns 8,800 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 6,800 shares in the last quarter. Institutional investors own 59.69% of the company’s stock.
NYSE:TWO opened at $7.81 on Tuesday. Two Harbors Investment Corp. has a 1 year low of $3.82 and a 1 year high of $7.88. The firm has a 50 day moving average of $7.48 and a 200-day moving average of $6.64. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.14 billion, a P/E ratio of -1.19 and a beta of 1.75.
Two Harbors Investment (NYSE:TWO) last released its earnings results on Monday, February 8th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Two Harbors Investment had a negative net margin of 246.97% and a positive return on equity of 11.09%. As a group, analysts forecast that Two Harbors Investment Corp. will post 0.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 29th. Shareholders of record on Monday, March 29th were given a dividend of $0.17 per share. The ex-dividend date was Friday, March 26th. This represents a $0.68 annualized dividend and a yield of 8.71%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 49.64%.
In other Two Harbors Investment news, CEO William Ross Greenberg purchased 35,000 shares of the business’s stock in a transaction on Thursday, February 18th. The shares were purchased at an average cost of $6.58 per share, with a total value of $230,300.00. Insiders own 0.80% of the company’s stock.
TWO has been the subject of a number of research analyst reports. JMP Securities increased their target price on Two Harbors Investment from $6.00 to $6.75 and gave the company a “market outperform” rating in a report on Friday, January 22nd. Zacks Investment Research downgraded shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, April 14th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.79.
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, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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