Two Harbors Investments Corp (TWO) Shares Sold by Boston Partners
Boston Partners decreased its stake in Two Harbors Investments Corp (NYSE:TWO) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,179,158 shares of the real estate investment trust’s stock after selling 65,170 shares during the period. Boston Partners’ holdings in Two Harbors Investments Corp were worth $71,145,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in TWO. Vanguard Group Inc. raised its stake in shares of Two Harbors Investments Corp by 4.0% in the first quarter. Vanguard Group Inc. now owns 28,170,629 shares of the real estate investment trust’s stock valued at $270,156,000 after buying an additional 1,095,212 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Two Harbors Investments Corp by 75.8% in the first quarter. Global X Management Co. LLC now owns 1,888,979 shares of the real estate investment trust’s stock valued at $18,115,000 after buying an additional 814,751 shares in the last quarter. Bank of Montreal Can increased its position 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 buying an additional 748,696 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Two Harbors Investments Corp during the first quarter valued at about $6,759,000. Finally, Russell Investments Group Ltd. increased its position in shares of Two Harbors Investments Corp by 21.0% in the first quarter. Russell Investments Group Ltd. now owns 3,909,635 shares of the real estate investment trust’s stock valued at $37,507,000 after buying an additional 679,415 shares during the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.
Two Harbors Investments Corp (NYSE:TWO) opened at 9.99 on Friday. Two Harbors Investments Corp has a 12 month low of $7.91 and a 12 month high of $10.54. The stock has a market capitalization of $3.49 billion, a P/E ratio of 6.52 and a beta of 0.59. The firm’s 50-day moving average is $9.90 and its 200 day moving average is $9.69.
Two Harbors Investments Corp (NYSE:TWO) last released its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. Two Harbors Investments Corp had a net margin of 72.15% and a return on equity of 10.26%. The business had revenue of $117.79 million for the quarter, compared to analysts’ expectations of $123.04 million. During the same quarter last year, the company earned $0.22 EPS. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities analysts anticipate that Two Harbors Investments Corp will post $1.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, June 30th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.41%. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. Two Harbors Investments Corp’s dividend payout ratio (DPR) is 72.73%.
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TWO has been the topic of several research reports. Maxim Group reissued a “buy” rating and set a $10.25 price objective on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. BidaskClub downgraded shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Two Harbors Investments Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Credit Suisse Group initiated coverage on shares of Two Harbors Investments Corp in a research report on Wednesday, July 5th. They set an “outperform” rating and a $10.50 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $9.95.
In related news, CFO Brad Farrell sold 19,663 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $9.86, for a total value of $193,877.18. Following the sale, the chief financial officer now owns 410,727 shares of the company’s stock, valued at approximately $4,049,768.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Two Harbors Investment Corp. acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average cost of $19.07 per share, for a total transaction of $476,750.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 43,212 shares of company stock worth $824,599. 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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