BB&T Securities LLC decreased its position in shares of Two Harbors Investments Corp (NYSE:TWO) by 8.7% during the first quarter, Holdings Channel reports. The fund owned 15,485 shares of the real estate investment trust’s stock after selling 1,468 shares during the period. BB&T Securities LLC’s holdings in Two Harbors Investments Corp were worth $148,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Two Sigma Investments LP raised its stake in Two Harbors Investments Corp by 67.3% in the fourth quarter. Two Sigma Investments LP now owns 2,169,782 shares of the real estate investment trust’s stock worth $18,920,000 after buying an additional 873,199 shares during the last quarter. ICM Asset Management Inc. WA raised its stake in Two Harbors Investments Corp by 152.4% in the fourth quarter. ICM Asset Management Inc. WA now owns 204,345 shares of the real estate investment trust’s stock worth $1,782,000 after buying an additional 123,380 shares during the last quarter. Renaissance Technologies LLC raised its stake in Two Harbors Investments Corp by 41.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,460,300 shares of the real estate investment trust’s stock worth $21,454,000 after buying an additional 724,400 shares during the last quarter. Sustainable Insight Capital Management LLC bought a new stake in Two Harbors Investments Corp during the fourth quarter worth about $107,000. Finally, BNP Paribas Arbitrage SA raised its stake in Two Harbors Investments Corp by 1,289.0% in the first quarter. BNP Paribas Arbitrage SA now owns 374,139 shares of the real estate investment trust’s stock worth $3,588,000 after buying an additional 347,204 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

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

Two Harbors Investments Corp (NYSE:TWO) traded up 0.97% during trading on Friday, reaching $10.37. The company had a trading volume of 4,876,827 shares. The firm’s 50-day moving average price is $10.00 and its 200 day moving average price is $9.40. Two Harbors Investments Corp has a one year low of $7.91 and a one year high of $10.38. The firm has a market capitalization of $3.62 billion, a P/E ratio of 7.04 and a beta of 0.61.

Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The firm had revenue of $116.20 million during the quarter, compared to analyst estimates of $107.90 million. Two Harbors Investments Corp had a return on equity of 9.81% and a net margin of 74.05%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. Equities analysts forecast that Two Harbors Investments Corp will post $1.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Friday, June 30th will be given a dividend of $0.26 per share. This is a positive change from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.03%. Two Harbors Investments Corp’s dividend payout ratio (DPR) is presently 72.99%.

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TWO has been the subject of several recent analyst reports. Maxim Group restated a “buy” rating and set a $10.25 target price on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. Zacks Investment Research upgraded Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, April 4th. Finally, Wells Fargo & Company cut Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 target price for the company. in a research report on Tuesday, April 11th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.73.

In other news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $9.85, for a total transaction of $54,825.10. Following the completion of the transaction, the general counsel now owns 179,466 shares in the company, valued at $1,767,740.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brad Farrell sold 19,663 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $9.86, for a total value of $193,877.18. Following the transaction, the chief financial officer now owns 410,727 shares of the company’s stock, valued at approximately $4,049,768.22. The disclosure for this sale can be found here. Company insiders own 1.16% 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), 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.

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