AdvisorNet Financial Inc trimmed its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO – Get Rating) by 16.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,065 shares of the real estate investment trust’s stock after selling 5,913 shares during the quarter. AdvisorNet Financial Inc’s holdings in Two Harbors Investment were worth $172,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisor Group Holdings Inc. grew its position in Two Harbors Investment by 25.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 122,347 shares of the real estate investment trust’s stock valued at $707,000 after buying an additional 25,112 shares during the period. First Trust Advisors LP raised its holdings in Two Harbors Investment by 5,407.3% during the fourth quarter. First Trust Advisors LP now owns 730,540 shares of the real estate investment trust’s stock valued at $4,215,000 after purchasing an additional 717,275 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Two Harbors Investment by 4.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,062,761 shares of the real estate investment trust’s stock valued at $58,062,000 after purchasing an additional 410,506 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in Two Harbors Investment by 9.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 136,070 shares of the real estate investment trust’s stock valued at $785,000 after purchasing an additional 11,870 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Two Harbors Investment by 6.0% during the fourth quarter. Victory Capital Management Inc. now owns 44,148 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 2,504 shares in the last quarter. Institutional investors own 68.67% of the company’s stock.
TWO stocks opened at $4.98 on Friday. Two Harbors Investment Corp. has a one year low of $4.26 and a one year high of $7.65. The company’s fifty-day moving average price is $5.04 and its 200-day moving average price is $5.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $1.71 billion, a PE ratio of 13.46 and a beta of 1.65.
Two Harbors Investment (NYSE:TWO – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $22.53 million for the quarter, compared to analysts’ expectations of $27.42 million. Two Harbors Investment had a net margin of 147.67% and a return on equity of 16.21%. Two Harbors Investment’s revenue for the quarter was down 32.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 EPS. On average, research analysts predict that Two Harbors Investment Corp. will post 0.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Tuesday, July 5th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 13.65%. The ex-dividend date is Friday, July 1st. Two Harbors Investment’s payout ratio is 183.78%.
TWO has been the topic of several analyst reports. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. JPMorgan Chase & Co. lowered their price target on shares of Two Harbors Investment from $6.50 to $5.00 and set a “neutral” rating on the stock in a report on Monday, April 25th. Finally, Credit Suisse Group lowered their target price on shares of Two Harbors Investment from $6.00 to $5.25 and set a “neutral” rating on the stock in a report on Tuesday, March 8th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Two Harbors Investment has a consensus rating of “Hold” and a consensus target price of $5.81.
In other Two Harbors Investment news, General Counsel Rebecca B. Sandberg sold 17,139 shares of the business’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $4.99, for a total transaction of $85,523.61. Following the transaction, the general counsel now owns 329,865 shares in the company, valued at $1,646,026.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen G. Kasnet sold 19,213 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $5.00, for a total transaction of $96,065.00. Following the transaction, the director now owns 219,692 shares in the company, valued at approximately $1,098,460. The disclosure for this sale can be found here. Insiders have sold 86,421 shares of company stock worth $431,131 in the last quarter. Company insiders own 0.42% of the company’s stock.
About Two Harbors Investment: (Get Rating)
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgages (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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