PVG Asset Management Corp Purchases 44,120 Shares of Two Harbors Investment Corp (NYSE:TWO)
PVG Asset Management Corp boosted its position in shares of Two Harbors Investment Corp (NYSE:TWO) by 47.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,042 shares of the real estate investment trust’s stock after buying an additional 44,120 shares during the period. Two Harbors Investment makes up about 1.8% of PVG Asset Management Corp’s portfolio, making the stock its 13th biggest holding. PVG Asset Management Corp owned about 0.05% of Two Harbors Investment worth $1,748,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in TWO. Federated Investors Inc. PA bought a new position in Two Harbors Investment during the first quarter valued at approximately $33,825,000. Vanguard Group Inc. lifted its stake in shares of Two Harbors Investment by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 26,453,568 shares of the real estate investment trust’s stock valued at $335,167,000 after purchasing an additional 1,018,358 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Two Harbors Investment by 3,058.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 759,964 shares of the real estate investment trust’s stock valued at $9,629,000 after purchasing an additional 735,900 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Two Harbors Investment by 20.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 4,256,825 shares of the real estate investment trust’s stock valued at $57,594,000 after purchasing an additional 712,925 shares during the last quarter. Finally, Natixis lifted its stake in shares of Two Harbors Investment by 1,038.2% in the 2nd quarter. Natixis now owns 577,899 shares of the real estate investment trust’s stock valued at $7,322,000 after purchasing an additional 527,127 shares during the last quarter. 63.16% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on TWO shares. Nomura set a $14.00 price objective on Two Harbors Investment and gave the company a “hold” rating in a research note on Wednesday, August 7th. Raymond James set a $15.00 price objective on Two Harbors Investment and gave the company a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lowered their price objective on Two Harbors Investment from $14.50 to $13.50 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. ValuEngine raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd. Finally, Maxim Group reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Two Harbors Investment in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.81.
Shares of TWO stock traded up $0.06 on Friday, reaching $13.50. 935,169 shares of the company’s stock were exchanged, compared to its average volume of 1,795,103. Two Harbors Investment Corp has a 52 week low of $12.06 and a 52 week high of $15.36. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.67 billion, a PE ratio of 6.85 and a beta of 0.64. The company’s fifty day simple moving average is $13.17 and its 200 day simple moving average is $13.25.
Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). Two Harbors Investment had a positive return on equity of 13.49% and a negative net margin of 57.33%. The business had revenue of $68.59 million for the quarter, compared to the consensus estimate of $63.20 million. During the same period in the prior year, the business posted $0.49 earnings per share. As a group, sell-side analysts predict that Two Harbors Investment Corp will post 1.64 earnings per share for the current fiscal year.
Two Harbors Investment Company 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, and hybrid adjustable-rate mortgage (ARMs); 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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