Rafferty Asset Management LLC cut its position in shares of Two Harbors Investments Corp. (NYSE:TWO) by 23.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,258 shares of the real estate investment trust’s stock after selling 11,112 shares during the period. Rafferty Asset Management LLC’s holdings in Two Harbors Investments Corp. were worth $319,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC raised its position in Two Harbors Investments Corp. by 6.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,198 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 800 shares during the period. RNC Capital Management LLC acquired a new position in Two Harbors Investments Corp. during the second quarter worth $128,000. BB&T Securities LLC raised its position in Two Harbors Investments Corp. by 28.8% in the second quarter. BB&T Securities LLC now owns 18,240 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 4,076 shares during the period. Optimum Investment Advisors raised its position in Two Harbors Investments Corp. by 12.8% in the first quarter. Optimum Investment Advisors now owns 23,408 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 2,657 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in Two Harbors Investments Corp. by 14.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 26,317 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 3,371 shares during the period. 69.86% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investments Corp. (NYSE:TWO) traded up 0.364% during mid-day trading on Tuesday, reaching $8.822. 1,117,913 shares of the company traded hands. The stock has a 50-day moving average of $8.91 and a 200 day moving average of $8.41. Two Harbors Investments Corp. has a 52-week low of $6.91 and a 52-week high of $9.68. The stock has a market capitalization of $3.07 billion, a PE ratio of 44.782 and a beta of 0.56.

Two Harbors Investments Corp. (NYSE:TWO) last issued its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Two Harbors Investments Corp. had a net margin of 15.46% and a return on equity of 8.48%. The company had revenue of $100.80 million for the quarter, compared to analyst estimates of $95.48 million. During the same period in the prior year, the business posted $0.22 earnings per share. The firm’s revenue for the quarter was down 14.2% compared to the same quarter last year. Equities research analysts expect that Two Harbors Investments Corp. will post $0.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Friday, September 30th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.92 annualized dividend and a yield of 10.47%. Two Harbors Investments Corp.’s payout ratio is currently 460.02%.

TWO has been the topic of a number of research reports. Deutsche Bank AG set a $9.80 target price on shares of Two Harbors Investments Corp. and gave the stock a “buy” rating in a research note on Saturday, August 6th. FBR & Co reissued a “buy” rating on shares of Two Harbors Investments Corp. in a research note on Friday, July 29th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $9.50 target price on shares of Two Harbors Investments Corp. in a research note on Friday, August 5th. Wunderlich raised their target price on shares of Two Harbors Investments Corp. from $8.75 to $9.50 and gave the stock a “hold” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research lowered shares of Two Harbors Investments Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $9.53.

In related news, CEO Thomas Siering bought 3,500 shares of the stock in a transaction on Wednesday, August 10th. The shares were bought at an average cost of $8.99 per share, for a total transaction of $31,465.00. Following the completion of the transaction, the chief executive officer now owns 862,053 shares of the company’s stock, valued at approximately $7,749,856.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.

Two Harbors Investments 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), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. The Company’s target asset classes include Agency RMBS collateralized by fixed rate mortgage loans, adjustable-rate mortgage (ARM) loans or hybrid mortgage loans, including mortgage pass-through certificates, collateralized mortgage obligations, the Federal Home Loan Mortgage Corporation gold certificates, the Federal National Mortgage Association certificates, the Government National Mortgage Association (Ginnie Mae) certificates, to-be-announced forward contracts, and interest-only and inverse interest-only securities; Non-Agency RMBS, including both senior and mezzanine RMBS, and floating and fixed rate commercial real estate loans.

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