Janney Montgomery Scott LLC continued to hold its position in shares of Two Harbors Investment Corp (NYSE:TWO) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,030 shares of the real estate investment trust’s stock at the end of the second quarter. Janney Montgomery Scott LLC’s holdings in Two Harbors Investment Corp were worth $407,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC acquired a new position in shares of Two Harbors Investment Corp during the first quarter worth about $106,000. Cadence Capital Management LLC acquired a new position in shares of Two Harbors Investment Corp during the first quarter worth about $116,000. World Asset Management Inc increased its position in shares of Two Harbors Investment Corp by 0.7% in the first quarter. World Asset Management Inc now owns 12,407 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 83 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Two Harbors Investment Corp during the first quarter worth about $120,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Two Harbors Investment Corp by 61.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,264 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 5,456 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of Two Harbors Investment Corp (TWO) opened at 10.14 on Tuesday. Two Harbors Investment Corp has a one year low of $7.91 and a one year high of $10.54. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 6.61 and a beta of 0.59. The stock’s 50 day moving average is $9.89 and its 200-day moving average is $9.77.
Two Harbors Investment Corp (NYSE:TWO) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Two Harbors Investment Corp had a net margin of 3.61% and a return on equity of 0.50%. The firm had revenue of $117.79 million for the quarter, compared to analyst estimates of $123.04 million. During the same period last year, the business earned $0.22 EPS. Two Harbors Investment Corp’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts predict that Two Harbors Investment Corp will post $1.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, June 30th were paid a dividend of $0.26 per share. This is a positive change from Two Harbors Investment Corp’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 10.26%. The ex-dividend date of this dividend was Wednesday, June 28th. Two Harbors Investment Corp’s dividend payout ratio (DPR) is currently 72.73%.
A number of brokerages have recently issued reports on TWO. Zacks Investment Research raised Two Harbors Investment Corp from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday, July 20th. Credit Suisse Group reaffirmed a “buy” rating and set a $10.00 price target on shares of Two Harbors Investment Corp in a research report on Thursday, August 10th. Maxim Group reaffirmed a “buy” rating and set a $10.25 price target on shares of Two Harbors Investment Corp in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded Two Harbors Investment Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Three investment 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’s stock. Two Harbors Investment Corp has an average rating of “Buy” and an average target price of $9.95.
In other Two Harbors Investment Corp news, CEO Thomas Siering acquired 5,000 shares of the stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $10.14 per share, with a total value of $50,700.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Taylor acquired 32,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were acquired at an average cost of $10.06 per share, for a total transaction of $321,920.00. Following the completion of the transaction, the director now directly owns 51,865 shares in the company, valued at approximately $521,761.90. The disclosure for this purchase can be found here. Insiders have purchased a total of 80,212 shares of company stock worth $1,197,219 over the last quarter. 1.16% of the stock is owned by company insiders.
Two Harbors Investment 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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