BTC Capital Management Inc. acquired a new stake in Two Harbors Investments Corp (NYSE:TWO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 288,145 shares of the real estate investment trust’s stock, valued at approximately $2,855,000.

Several other hedge funds also recently made changes to their positions in TWO. Teacher Retirement System of Texas increased its stake in shares of Two Harbors Investments Corp by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 27,932 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 598 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Two Harbors Investments Corp during the second quarter valued at approximately $497,000. First Trust Advisors LP increased its stake in shares of Two Harbors Investments Corp by 10.9% in the second quarter. First Trust Advisors LP now owns 2,195,229 shares of the real estate investment trust’s stock valued at $21,755,000 after buying an additional 214,935 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Two Harbors Investments Corp by 7.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,837,326 shares of the real estate investment trust’s stock valued at $18,208,000 after buying an additional 125,540 shares during the period. Finally, Global X Management Co. LLC increased its stake in shares of Two Harbors Investments Corp by 7.5% in the second quarter. Global X Management Co. LLC now owns 2,030,186 shares of the real estate investment trust’s stock valued at $20,119,000 after buying an additional 141,207 shares during the period. 71.02% of the stock is owned by institutional investors.

Two Harbors Investments Corp (NYSE:TWO) opened at 10.04 on Friday. The company has a 50 day moving average price of $9.91 and a 200-day moving average price of $9.69. The company has a market capitalization of $3.50 billion, a PE ratio of 6.55 and a beta of 0.59. Two Harbors Investments Corp has a one year low of $7.91 and a one year high of $10.54.

Two Harbors Investments Corp (NYSE:TWO) last released its earnings results on Monday, August 7th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The firm had revenue of $117.79 million for the quarter, compared to analysts’ expectations of $123.04 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts expect that Two Harbors Investments Corp will post $1.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Friday, June 30th were paid a $0.26 dividend. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.36%. The ex-dividend date of this dividend was Wednesday, June 28th. Two Harbors Investments Corp’s dividend payout ratio is currently 72.73%.

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Several brokerages have recently commented on TWO. Credit Suisse Group reaffirmed a “buy” rating and set a $10.00 price objective on shares of Two Harbors Investments Corp in a research report on Thursday. Maxim Group reaffirmed a “buy” rating and set a $10.25 price objective on shares of Two Harbors Investments Corp in a research report on Tuesday. BidaskClub raised shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research downgraded shares of Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Two Harbors Investments Corp has an average rating of “Buy” and an average price target of $9.95.

In other news, CFO Brad Farrell sold 19,663 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.86, for a total value of $193,877.18. Following the sale, the chief financial officer now directly owns 410,727 shares of the company’s stock, valued at $4,049,768.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Rebecca B. Sandberg sold 5,566 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.85, for a total value of $54,825.10. Following the completion of the sale, the general counsel now directly owns 179,466 shares in the company, valued at $1,767,740.10. The disclosure for this sale can be found here. Corporate 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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Institutional Ownership by Quarter for Two Harbors Investments Corp (NYSE:TWO)

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