Piedmont Investment Advisors LLC acquired a new stake in Two Harbors Investments Corp (NYSE:TWO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 171,820 shares of the real estate investment trust’s stock, valued at approximately $1,703,000.

Other large investors have also recently made changes to their positions in the company. Linscomb & Williams Inc. bought a new position in Two Harbors Investments Corp in the second quarter valued at approximately $100,000. Clinton Group Inc. acquired a new stake in Two Harbors Investments Corp in the second quarter valued at approximately $104,000. HighTower Advisors LLC acquired a new stake in Two Harbors Investments Corp in the first quarter valued at approximately $106,000. Synovus Financial Corp acquired a new stake in Two Harbors Investments Corp in the second quarter valued at approximately $113,000. Finally, The Manufacturers Life Insurance Company boosted its position in Two Harbors Investments Corp by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 718 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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In other news, CEO Thomas Siering purchased 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $10.14 per share, with a total value of $50,700.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Two Harbors Investment Corp. purchased 14,772 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $19.10 per share, with a total value of $282,145.20. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 147,018 shares of company stock worth $2,459,893. 1.16% of the stock is owned by insiders.

Shares of Two Harbors Investments Corp (NYSE TWO) traded up 0.346% during trading on Monday, hitting $10.155. 607,964 shares of the stock were exchanged. Two Harbors Investments Corp has a 52 week low of $8.20 and a 52 week high of $10.54. The stock’s 50 day moving average price is $10.11 and its 200 day moving average price is $10.00. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 6.624 and a beta of 0.58. Shares of Two Harbors Investments Corp are going to reverse split on Thursday, November 2nd. The 1-2 reverse split was announced on Thursday, September 14th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 1st.

Two Harbors Investments Corp (NYSE:TWO) last released its earnings results on Monday, August 7th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $117.79 million for the quarter, compared to analyst estimates of $123.04 million. During the same quarter last year, the firm earned $0.22 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts predict that Two Harbors Investments Corp will post $1.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.28%. The ex-dividend date is Thursday, September 28th. Two Harbors Investments Corp’s dividend payout ratio is currently 72.73%.

A number of brokerages have weighed in on TWO. BidaskClub upgraded shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Credit Suisse Group restated a “buy” rating and issued a $10.00 target price on shares of Two Harbors Investments Corp in a research report on Thursday, August 10th. Maxim Group restated a “buy” rating and issued a $10.25 target price on shares of Two Harbors Investments Corp in a research report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded shares of Two Harbors Investments Corp from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Two Harbors Investments Corp has an average rating of “Buy” and a consensus price target of $9.95.

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.

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

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