Two Harbors Investments Corp (TWO) Stake Lifted by Swiss National Bank

Swiss National Bank lifted its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 581,200 shares of the real estate investment trust’s stock after acquiring an additional 9,700 shares during the period. Swiss National Bank owned 0.17% of Two Harbors Investments Corp worth $5,760,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. World Asset Management Inc increased its position in Two Harbors Investments Corp by 0.7% during the 1st quarter. World Asset Management Inc now owns 12,407 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 83 shares in the last quarter. Cadence Capital Management LLC grew its position in Two Harbors Investments Corp by 1.6% in the second quarter. Cadence Capital Management LLC now owns 12,310 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 190 shares in the last quarter. Utah Retirement Systems grew its position in Two Harbors Investments Corp by 0.4% in the second quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock valued at $628,000 after acquiring an additional 262 shares in the last quarter. CIBC World Markets Inc. grew its position in Two Harbors Investments Corp by 2.1% in the first quarter. CIBC World Markets Inc. now owns 14,978 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 301 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Two Harbors Investments Corp by 0.7% in the first quarter. Principal Financial Group Inc. now owns 61,784 shares of the real estate investment trust’s stock valued at $593,000 after acquiring an additional 454 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

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Two Harbors Investments Corp (NYSE TWO) opened at 10.04 on Tuesday. The stock has a market cap of $3.50 billion, a PE ratio of 6.55 and a beta of 0.59. Two Harbors Investments Corp has a 52 week low of $7.91 and a 52 week high of $10.54. The company has a 50-day moving average price of $10.05 and a 200-day moving average price of $9.91.

Two Harbors Investments Corp (NYSE:TWO) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $117.79 million during the quarter, compared to the consensus estimate of $123.04 million. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. Analysts anticipate that Two Harbors Investments Corp will post $1.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.04 annualized dividend and a yield of 10.36%. Two Harbors Investments Corp’s dividend payout ratio (DPR) is presently 72.73%.

In other Two Harbors Investments Corp news, major shareholder Two Harbors Investment Corp. acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average cost of $19.07 per share, with a total value of $476,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Taylor acquired 32,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $10.06 per share, with a total value of $321,920.00. Following the completion of the transaction, the director now owns 51,865 shares of the company’s stock, valued at $521,761.90. The disclosure for this purchase can be found here. Insiders have purchased 80,212 shares of company stock valued at $1,197,219 over the last three months. Insiders own 1.16% of the company’s stock.

TWO has been the subject of several recent research reports. Zacks Investment Research raised shares of Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, July 20th. Maxim Group restated a “buy” rating and set a $10.25 price objective on shares of Two Harbors Investments Corp in a research note on Wednesday, June 7th. Credit Suisse Group restated a “buy” rating and set a $10.00 price objective on shares of Two Harbors Investments Corp in a research note on Thursday, August 10th. Finally, BidaskClub cut Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $9.95.

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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