Public Sector Pension Investment Board Has $4.01 Million Stake in Two Harbors Investments Corp $TWO

Public Sector Pension Investment Board grew its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 14.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 406,202 shares of the real estate investment trust’s stock after purchasing an additional 51,520 shares during the period. Public Sector Pension Investment Board’s holdings in Two Harbors Investments were worth $4,009,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Two Harbors Investments during the third quarter valued at approximately $25,000. AlphaQuest LLC boosted its holdings in Two Harbors Investments by 240.4% during the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 2,380 shares during the last quarter. CWM LLC boosted its holdings in Two Harbors Investments by 456.0% during the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 4,482 shares during the last quarter. Allworth Financial LP grew its stake in shares of Two Harbors Investments by 25.0% in the 2nd quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 1,651 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Two Harbors Investments in the third quarter valued at about $107,000. Institutional investors own 64.19% of the company’s stock.

Insider Buying and Selling

In other Two Harbors Investments news, insider Rebecca B. Sandberg sold 27,370 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.43, for a total transaction of $312,839.10. Following the completion of the transaction, the insider owned 156,718 shares in the company, valued at $1,791,286.74. This trade represents a 14.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CIO Nicholas Letica sold 55,488 shares of Two Harbors Investments stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $11.42, for a total transaction of $633,672.96. Following the completion of the transaction, the executive owned 166,507 shares of the company’s stock, valued at $1,901,509.94. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 129,389 shares of company stock worth $1,483,046 in the last quarter. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TWO. Zacks Research cut shares of Two Harbors Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. dropped their target price on shares of Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Weiss Ratings restated a “sell (d)” rating on shares of Two Harbors Investments in a research note on Monday, December 29th. Maxim Group downgraded Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen raised Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $12.88.

Two Harbors Investments Trading Down 3.6%

Shares of TWO stock opened at $10.76 on Friday. The company has a 50 day moving average of $11.68 and a 200-day moving average of $10.51. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Two Harbors Investments Corp has a 12-month low of $9.30 and a 12-month high of $14.28. The firm has a market cap of $1.13 billion, a P/E ratio of -2.20 and a beta of 1.19.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). Two Harbors Investments had a negative net margin of 109.90% and a positive return on equity of 12.00%. The firm had revenue of $182.18 million during the quarter, compared to analysts’ expectations of ($15.44) million. Sell-side analysts anticipate that Two Harbors Investments Corp will post 0.81 earnings per share for the current year.

Two Harbors Investments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Monday, January 5th were paid a dividend of $0.34 per share. The ex-dividend date was Monday, January 5th. This represents a $1.36 annualized dividend and a dividend yield of 12.6%. Two Harbors Investments’s dividend payout ratio is presently -27.81%.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.