1 week Ago By ABMN Staff
Norges Bank purchased a new position in Two Harbors Investment Corp. ( NYSE:TWO – Free Report ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 329,474 shares of the real estate investment trust’s stock, valued at approximately $3,898,000.
Norges Bank owned approximately 0.32% of Two Harbors Investment at the end of the most recent quarter. A number of other hedge funds have also recently made changes to their positions in the stock.
Vanguard Group Inc. lifted its position in Two Harbors Investment by 3.0% during the fourth quarter.
Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock valued at $135,928,000 after acquiring an additional 329,762 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Two Harbors Investment by 1.
3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock valued at $64,158,000 after purchasing an additional 69,725 shares during the last quarter. State Street Corp boosted its position in shares of Two Harbors Investment by 2.
7% in the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after purchasing an additional 102,294 shares in the last quarter. Geode Capital Management LLC grew its stake in Two Harbors Investment by 2.
0% during the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after buying an additional 48,264 shares during the last quarter. Finally, Charles Schwab Investment Management Inc.
increased its position in Two Harbors Investment by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,542,458 shares of the real estate investment trust’s stock valued at $18,247,000 after buying an additional 57,915 shares in the last quarter. 64.19% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of brokerages have recently weighed in on TWO. JMP Securities restated a “market outperform” rating and set a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday, January 23rd.
JPMorgan Chase & Co. boosted their target price on shares of Two Harbors Investment from $11.00 to $12.
50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods decreased their price target on shares of Two Harbors Investment from $13.50 to $12.
95 and set a “market perform” rating for the company in a report on Tuesday. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th.
Finally, Royal Bank of Canada raised their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th.
Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.
81. Two Harbors Investment Trading Down 5.8 % NYSE TWO opened at $10.
74 on Friday. Two Harbors Investment Corp. has a 1 year low of $10.
16 and a 1 year high of $14.28. The company has a debt-to-equity ratio of 0.
84, a current ratio of 1.09 and a quick ratio of 1.07.
The company has a market capitalization of $1.12 billion, a PE ratio of 5.09 and a beta of 1.
36. The company has a fifty day moving average of $13.20 and a 200 day moving average of $12.
48. Two Harbors Investment ( NYSE:TWO – Get Free Report ) last issued its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.
20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07).
Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%.
Research analysts forecast that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.
Two Harbors Investment Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th will be given a $0.45 dividend.
The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 16.
77%. Two Harbors Investment’s dividend payout ratio is presently 85.31%.
Insider Transactions at Two Harbors Investment In other news, insider Rebecca B. Sandberg sold 2,561 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.
96, for a total transaction of $33,190.56. Following the sale, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.
88. This trade represents a 1.71 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CIO Nicholas Letica sold 5,737 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.
28, for a total value of $64,713.36. Following the completion of the transaction, the executive now directly owns 168,935 shares of the company’s stock, valued at $1,905,586.
80. The trade was a 3.28 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 13,163 shares of company stock valued at $154,005 in the last 90 days. 0.
61% of the stock is currently owned by company insiders. Two Harbors Investment Company Profile ( Free Report ) Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States.
The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. Further Reading Want to see what other hedge funds are holding TWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Two Harbors Investment Corp.
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