Hancock Holding Co. continued to hold its stake in shares of Two Harbors Investments Corp (NYSE:TWO) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 55,000 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Hancock Holding Co.’s holdings in Two Harbors Investments Corp were worth $545,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Martingale Asset Management L P boosted its stake in Two Harbors Investments Corp by 8,595.4% in the second quarter. Martingale Asset Management L P now owns 1,870,116 shares of the real estate investment trust’s stock valued at $18,534,000 after acquiring an additional 1,848,609 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Two Harbors Investments Corp by 5,046.7% in the second quarter. Principal Financial Group Inc. now owns 3,179,844 shares of the real estate investment trust’s stock valued at $31,512,000 after acquiring an additional 3,118,060 shares in the last quarter. Crawford Investment Counsel Inc. boosted its stake in Two Harbors Investments Corp by 6.0% in the second quarter. Crawford Investment Counsel Inc. now owns 218,700 shares of the real estate investment trust’s stock valued at $2,167,000 after acquiring an additional 12,390 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Two Harbors Investments Corp in the first quarter valued at approximately $162,000. Finally, Artemis Investment Management LLP acquired a new stake in Two Harbors Investments Corp in the second quarter valued at approximately $11,869,000. Institutional investors own 70.21% of the company’s stock.

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Two Harbors Investments Corp (TWO) opened at 10.08 on Friday. The stock has a market cap of $3.52 billion, a PE ratio of 6.58 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. The company’s 50 day moving average is $10.06 and its 200 day moving average is $9.91.

Two Harbors Investments Corp (NYSE:TWO) last issued its earnings results 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. Two Harbors Investments Corp had a net margin of 72.15% and a return on equity of 10.26%. The business had revenue of $117.79 million during the quarter, compared to analysts’ expectations of $123.04 million. During the same quarter in the prior year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities research analysts expect that Two Harbors Investments Corp will post $1.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 10.32%. The ex-dividend date is Thursday, September 28th. Two Harbors Investments Corp’s dividend payout ratio is currently 72.73%.

In other Two Harbors Investments Corp news, Director Brian Taylor purchased 32,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $10.06 per share, for a total transaction of $321,920.00. Following the purchase, the director now directly owns 51,865 shares in the company, valued at $521,761.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Two Harbors Investment Corp. purchased 14,772 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $19.10 per share, with a total value of $282,145.20. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 118,829 shares of company stock valued at $1,925,821. 1.16% of the stock is owned by company insiders.

Several brokerages have weighed in on TWO. BidaskClub upgraded shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Credit Suisse Group reaffirmed a “buy” rating and issued a $10.00 price target on shares of Two Harbors Investments Corp in a report on Thursday, August 10th. Maxim Group reaffirmed a “buy” rating and issued a $10.25 price target on shares of Two Harbors Investments Corp in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Two Harbors Investments Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. 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. The company has a consensus rating of “Buy” and an average 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.

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

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