Bank of New York Mellon Corp cut its position in Two Harbors Investments Corp (NYSE:TWO) by 5.8% during the first quarter, Holdings Channel reports. The institutional investor owned 1,680,811 shares of the real estate investment trust’s stock after selling 103,966 shares during the period. Bank of New York Mellon Corp’s holdings in Two Harbors Investments Corp were worth $16,119,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its stake in shares of Two Harbors Investments Corp by 2.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 381,183 shares of the real estate investment trust’s stock worth $3,324,000 after buying an additional 7,880 shares in the last quarter. Comerica Bank purchased a new stake in shares of Two Harbors Investments Corp during the fourth quarter worth approximately $146,000. State Street Corp increased its stake in shares of Two Harbors Investments Corp by 2.0% in the fourth quarter. State Street Corp now owns 5,361,504 shares of the real estate investment trust’s stock worth $46,750,000 after buying an additional 107,660 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Two Harbors Investments Corp during the fourth quarter worth approximately $107,000. Finally, Allianz Asset Management AG increased its stake in shares of Two Harbors Investments Corp by 33.6% in the fourth quarter. Allianz Asset Management AG now owns 1,543,915 shares of the real estate investment trust’s stock worth $13,463,000 after buying an additional 388,147 shares in the last quarter. Institutional investors own 70.65% of the company’s stock.

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

Two Harbors Investments Corp (NYSE TWO) opened at 10.47 on Tuesday. The company has a market cap of $3.65 billion, a P/E ratio of 7.11 and a beta of 0.61. The company’s 50 day moving average price is $10.02 and its 200 day moving average price is $9.42. Two Harbors Investments Corp has a 52-week low of $7.91 and a 52-week high of $10.50.

Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The business had revenue of $116.20 million for the quarter, compared to the consensus estimate of $107.90 million. Two Harbors Investments Corp had a return on equity of 9.81% and a net margin of 74.05%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. Equities research analysts anticipate that Two Harbors Investments Corp will post $1.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Friday, June 30th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.04 dividend on an annualized basis and a yield of 9.93%. This is an increase from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. Two Harbors Investments Corp’s dividend payout ratio is currently 72.99%.

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A number of analysts have commented on TWO shares. Zacks Investment Research upgraded 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 Tuesday, April 4th. Wells Fargo & Company downgraded Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 price objective for the company. in a research report on Tuesday, April 11th. They noted that the move was a valuation call. Finally, Maxim Group reiterated a “buy” rating and issued a $10.25 price objective on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $9.73.

In related news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $9.85, for a total transaction of $54,825.10. Following the sale, the general counsel now owns 179,466 shares of the company’s stock, valued at $1,767,740.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brad Farrell sold 19,663 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $9.86, for a total value of $193,877.18. Following the sale, the chief financial officer now directly owns 410,727 shares in the company, valued at approximately $4,049,768.22. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company’s stock.

Two Harbors Investments Corp Company 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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