Strs Ohio Has $515,000 Stake in Two Harbors Investment Corp (TWO)

Strs Ohio trimmed its holdings in shares of Two Harbors Investment Corp (NYSE:TWO) by 4.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 38,110 shares of the real estate investment trust’s stock after selling 1,950 shares during the period. Strs Ohio’s holdings in Two Harbors Investment were worth $515,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Two Harbors Investment by 24.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,012,943 shares of the real estate investment trust’s stock worth $15,123,000 after purchasing an additional 199,121 shares during the last quarter. Teachers Advisors LLC grew its stake in Two Harbors Investment by 17.8% in the 3rd quarter. Teachers Advisors LLC now owns 315,770 shares of the real estate investment trust’s stock worth $4,714,000 after acquiring an additional 47,770 shares during the period. TIAA CREF Investment Management LLC grew its stake in Two Harbors Investment by 24.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 587,525 shares of the real estate investment trust’s stock worth $8,772,000 after acquiring an additional 115,957 shares during the period. Legal & General Group Plc grew its stake in Two Harbors Investment by 48.6% in the 3rd quarter. Legal & General Group Plc now owns 257,357 shares of the real estate investment trust’s stock worth $3,843,000 after acquiring an additional 84,184 shares during the period. Finally, Vanguard Group Inc. grew its stake in Two Harbors Investment by 44.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,929,421 shares of the real estate investment trust’s stock worth $327,406,000 after acquiring an additional 6,798,312 shares during the period. 56.92% of the stock is owned by institutional investors.

Shares of NYSE TWO opened at $13.49 on Wednesday. Two Harbors Investment Corp has a 52-week low of $12.63 and a 52-week high of $16.27. The firm has a market cap of $3.70 billion, a PE ratio of 6.85 and a beta of 0.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.15.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Two Harbors Investment had a negative net margin of 4.12% and a positive return on equity of 13.56%. The company had revenue of $82.00 million during the quarter, compared to analysts’ expectations of $84.64 million. During the same period in the previous year, the company earned $0.48 EPS. The business’s quarterly revenue was down 15.8% compared to the same quarter last year. As a group, sell-side analysts expect that Two Harbors Investment Corp will post 1.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Friday, March 29th were paid a dividend of $0.47 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.88 annualized dividend and a dividend yield of 13.94%. Two Harbors Investment’s dividend payout ratio is presently 95.43%.

In related news, CEO Thomas Siering acquired 3,500 shares of the stock in a transaction dated Wednesday, February 20th. The stock was bought at an average cost of $13.80 per share, with a total value of $48,300.00. Following the purchase, the chief executive officer now directly owns 1,104,342 shares of the company’s stock, valued at $15,239,919.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is owned by insiders.

Several analysts have commented on the stock. ValuEngine raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Maxim Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday, February 7th. Credit Suisse Group reaffirmed a “hold” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, February 7th. TheStreet cut shares of Two Harbors Investment from a “c” rating to a “d+” rating in a research note on Thursday, February 7th. Finally, Barclays set a $15.00 target price on shares of Two Harbors Investment and gave the stock a “buy” rating in a research note on Saturday, February 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $15.89.

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Two Harbors Investment 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, and hybrid adjustable-rate mortgage (ARMs); 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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Institutional Ownership by Quarter for Two Harbors Investment (NYSE:TWO)

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