American Century Companies Inc. lifted its stake in Two Harbors Investment (NYSE:TWO) by 1.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,865,769 shares of the real estate investment trust’s stock after purchasing an additional 35,075 shares during the quarter. American Century Companies Inc.’s holdings in Two Harbors Investment were worth $28,677,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. APG Asset Management N.V. lifted its stake in Two Harbors Investment by 104.8% during the fourth quarter. APG Asset Management N.V. now owns 2,597,335 shares of the real estate investment trust’s stock worth $35,170,000 after purchasing an additional 1,329,335 shares during the last quarter. Global X Management Co. LLC bought a new stake in Two Harbors Investment during the first quarter worth $19,815,000. Two Sigma Investments LP lifted its stake in Two Harbors Investment by 560.9% during the fourth quarter. Two Sigma Investments LP now owns 1,223,681 shares of the real estate investment trust’s stock worth $19,897,000 after purchasing an additional 1,038,525 shares during the last quarter. Capital Advisors Inc. OK bought a new stake in Two Harbors Investment during the fourth quarter worth $10,807,000. Finally, Two Sigma Advisers LP lifted its stake in Two Harbors Investment by 697.4% during the fourth quarter. Two Sigma Advisers LP now owns 198,774 shares of the real estate investment trust’s stock worth $3,232,000 after purchasing an additional 173,847 shares during the last quarter. Institutional investors and hedge funds own 68.98% of the company’s stock.

TWO has been the subject of several recent analyst reports. Zacks Investment Research upgraded Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Saturday, January 20th. Maxim Group cut their target price on Two Harbors Investment from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, April 27th. B. Riley set a $17.00 price target on shares of Two Harbors Investment and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, ValuEngine downgraded shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $17.40.

In other news, General Counsel Rebecca B. Sandberg sold 2,818 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $15.55, for a total transaction of $43,819.90. Following the completion of the transaction, the general counsel now directly owns 125,490 shares in the company, valued at $1,951,369.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brad Farrell sold 9,966 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $15.55, for a total transaction of $154,971.30. Following the transaction, the chief financial officer now owns 275,012 shares of the company’s stock, valued at $4,276,436.60. The disclosure for this sale can be found here. Insiders have sold 28,925 shares of company stock valued at $449,784 over the last quarter. Company insiders own 1.41% of the company’s stock.

Shares of Two Harbors Investment opened at $15.47 on Thursday, MarketBeat reports. The firm has a market cap of $2.74 billion, a PE ratio of 7.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. Two Harbors Investment has a 52-week low of $15.41 and a 52-week high of $15.58.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $97.46 million during the quarter, compared to the consensus estimate of $92.64 million. Two Harbors Investment had a net margin of 72.16% and a return on equity of 10.83%. During the same period in the prior year, the business earned $0.27 earnings per share. sell-side analysts anticipate that Two Harbors Investment will post 1.9 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Monday, April 2nd were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, March 29th. This represents a $1.88 annualized dividend and a dividend yield of 12.15%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 90.38%.

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, 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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Institutional Ownership by Quarter for Two Harbors Investment (NYSE:TWO)

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