United Services Automobile Association grew its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,590 shares of the real estate investment trust’s stock after buying an additional 7,106 shares during the quarter. United Services Automobile Association’s holdings in Two Harbors Investment were worth $881,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of TWO. Accredited Investors Inc. bought a new position in shares of Two Harbors Investment during the 4th quarter valued at $134,000. Aptus Capital Advisors LLC bought a new position in shares of Two Harbors Investment during the 4th quarter valued at $248,000. Bessemer Group Inc. bought a new position in shares of Two Harbors Investment during the 4th quarter valued at $263,000. Great West Life Assurance Co. Can grew its holdings in shares of Two Harbors Investment by 14.6% during the 4th quarter. Great West Life Assurance Co. Can now owns 30,862 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 3,936 shares during the last quarter. Finally, Camelot Portfolios LLC grew its holdings in shares of Two Harbors Investment by 25.1% during the 4th quarter. Camelot Portfolios LLC now owns 263,508 shares of the real estate investment trust’s stock valued at $3,383,000 after purchasing an additional 52,820 shares during the last quarter. Hedge funds and other institutional investors own 56.85% of the company’s stock.
Several research firms recently commented on TWO. ValuEngine raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Maxim Group reaffirmed a “buy” rating and set a $15.00 target price on shares of Two Harbors Investment in a report on Thursday, February 7th. Credit Suisse Group reissued a “hold” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, February 7th. TheStreet lowered shares of Two Harbors Investment from a “c” rating to a “d+” rating in a report on Thursday, February 7th. Finally, Barclays set a $15.00 price target on shares of Two Harbors Investment and gave the stock a “buy” rating in a report on Saturday, February 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Two Harbors Investment currently has an average rating of “Hold” and a consensus price target of $15.89.
Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Wednesday, February 6th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $89.65 million for the quarter, compared to analyst estimates of $106.46 million. Two Harbors Investment had a negative net margin of 4.12% and a positive return on equity of 13.56%. The company’s revenue was down 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. As a group, sell-side analysts expect that Two Harbors Investment Corp will post 1.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.72%. The ex-dividend date is Thursday, March 28th. Two Harbors Investment’s payout ratio is 95.43%.
In other news, CFO Brad Farrell sold 29,095 shares of Two Harbors Investment stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $14.48, for a total transaction of $421,295.60. Following the sale, the chief financial officer now owns 265,087 shares of the company’s stock, valued at approximately $3,838,459.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Roth sold 58,040 shares of Two Harbors Investment stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $14.46, for a total transaction of $839,258.40. Following the sale, the insider now directly owns 730,122 shares in the company, valued at approximately $10,557,564.12. The disclosure for this sale can be found here. Insiders have sold a total of 128,572 shares of company stock worth $1,859,327 in the last ninety days. Insiders own 0.86% of the company’s stock.
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Two Harbors Investment Company Profile
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, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
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