PVG Asset Management Corp cut its holdings in shares of Two Harbors Investments Corp (NYSE:TWO) by 43.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 140,392 shares of the real estate investment trust’s stock after selling 108,857 shares during the quarter. PVG Asset Management Corp’s holdings in Two Harbors Investments Corp were worth $1,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Two Harbors Investments Corp by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 28,500,232 shares of the real estate investment trust’s stock worth $282,437,000 after buying an additional 329,603 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Two Harbors Investments Corp by 110.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,908,716 shares of the real estate investment trust’s stock worth $58,555,000 after buying an additional 3,099,465 shares during the last quarter. State Street Corp raised its position in Two Harbors Investments Corp by 4.3% during the 2nd quarter. State Street Corp now owns 5,254,781 shares of the real estate investment trust’s stock worth $52,078,000 after buying an additional 217,529 shares during the last quarter. UBS Group AG raised its position in Two Harbors Investments Corp by 0.4% during the 1st quarter. UBS Group AG now owns 3,562,131 shares of the real estate investment trust’s stock worth $34,161,000 after buying an additional 12,683 shares during the last quarter. Finally, Northern Trust Corp raised its position in Two Harbors Investments Corp by 1.7% during the 2nd quarter. Northern Trust Corp now owns 3,404,884 shares of the real estate investment trust’s stock worth $33,742,000 after buying an additional 57,605 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

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Shares of Two Harbors Investments Corp (TWO) traded down 1.67% during midday trading on Friday, reaching $10.03. 3,083,685 shares of the company traded hands. The stock has a market capitalization of $3.50 billion, a P/E ratio of 6.54 and a beta of 0.58. The stock’s 50-day moving average is $10.12 and its 200-day moving average is $9.98. Two Harbors Investments Corp has a 1-year low of $8.00 and a 1-year high of $10.54. Two Harbors Investments Corp shares are set to reverse split on Thursday, November 2nd. The 1-2 reverse split was announced on Thursday, September 14th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 1st.

Two Harbors Investments Corp (NYSE:TWO) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating 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 business had revenue of $117.79 million during the quarter, compared to analysts’ expectations of $123.04 million. During the same quarter last year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities analysts predict that Two Harbors Investments Corp will post $1.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date is Thursday, September 28th. Two Harbors Investments Corp’s dividend payout ratio is currently 72.73%.

Several research firms have recently weighed in on TWO. Zacks Investment Research lowered shares of Two Harbors Investments Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Credit Suisse Group reaffirmed a “buy” rating and set a $10.00 target price on shares of Two Harbors Investments Corp in a report on Thursday, August 10th. Maxim Group reaffirmed a “buy” rating and set a $10.25 target price on shares of Two Harbors Investments Corp in a report on Tuesday, August 8th. Finally, BidaskClub raised shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $9.95.

In related news, Director Brian Taylor acquired 32,000 shares of the company’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 transaction, the director now owns 51,865 shares in the company, valued at approximately $521,761.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Two Harbors Investment Corp. acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average price of $19.07 per share, with a total value of $476,750.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 118,829 shares of company stock valued at $1,925,821. Company insiders own 1.16% of the company’s stock.

About Two Harbors Investments Corp

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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