1st Global Advisors Inc. acquired a new position in Two Harbors Investments Corp (NYSE:TWO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 39,894 shares of the real estate investment trust’s stock, valued at approximately $395,000.

A number of other large investors have also added to or reduced their stakes in TWO. UBS Asset Management Americas Inc. lifted its stake in Two Harbors Investments Corp by 19.5% in the first quarter. UBS Asset Management Americas Inc. now owns 281,923 shares of the real estate investment trust’s stock worth $2,704,000 after acquiring an additional 45,977 shares during the period. Ameriprise Financial Inc. lifted its stake in Two Harbors Investments Corp by 4.1% in the first quarter. Ameriprise Financial Inc. now owns 84,990 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 3,354 shares during the period. Principal Financial Group Inc. lifted its stake in Two Harbors Investments Corp by 0.7% in the first quarter. Principal Financial Group Inc. now owns 61,784 shares of the real estate investment trust’s stock worth $593,000 after acquiring an additional 454 shares during the period. Teachers Advisors LLC lifted its stake in Two Harbors Investments Corp by 14.8% in the first quarter. Teachers Advisors LLC now owns 487,253 shares of the real estate investment trust’s stock worth $4,673,000 after acquiring an additional 62,736 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in Two Harbors Investments Corp by 1.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,321,568 shares of the real estate investment trust’s stock worth $12,674,000 after acquiring an additional 15,500 shares during the period. 70.21% of the stock is owned by institutional investors.

Two Harbors Investments Corp (NYSE TWO) traded up 0.247% during mid-day trading on Wednesday, hitting $10.155. 184,656 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $10.11 and its 200-day moving average price is $10.00. The stock has a market cap of $3.54 billion, a PE ratio of 6.624 and a beta of 0.58. Two Harbors Investments Corp has a one year low of $8.20 and a one year high of $10.54. Shares of Two Harbors Investments Corp are set to reverse split on the morning of Thursday, November 2nd. The 1-2 reverse split was announced on Thursday, September 14th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 1st.

Two Harbors Investments Corp (NYSE:TWO) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The business had revenue of $117.79 million during the quarter, compared to analysts’ expectations of $123.04 million. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. On average, analysts forecast that Two Harbors Investments Corp will post $1.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.27%. The ex-dividend date of this dividend is Thursday, September 28th. Two Harbors Investments Corp’s payout ratio is presently 72.73%.

In related news, Director Brian Taylor acquired 32,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average price of $10.06 per share, for a total transaction of $321,920.00. Following the purchase, the director now owns 51,865 shares of the company’s stock, valued at approximately $521,761.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas Siering acquired 5,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $10.14 per share, with a total value of $50,700.00. The disclosure for this purchase can be found here. Insiders bought a total of 147,018 shares of company stock valued at $2,459,893 in the last quarter. Company insiders own 1.16% of the company’s stock.

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A number of research firms recently weighed in on TWO. Zacks Investment Research raised shares of Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Thursday, July 20th. Credit Suisse Group reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Two Harbors Investments Corp in a research note on Thursday, August 10th. Maxim Group reaffirmed a “buy” rating and issued a $10.25 price objective on shares of Two Harbors Investments Corp in a research note on Tuesday, August 8th. Finally, BidaskClub lowered shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $9.95.

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), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

Institutional Ownership by Quarter for Two Harbors Investments Corp (NYSE:TWO)

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