BNP Paribas Arbitrage SA cut its position in Two Harbors Investment Corp (NYSE:TWO) by 96.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,791 shares of the real estate investment trust’s stock after selling 712,105 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Two Harbors Investment were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Two Harbors Investment by 1.2% in 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 purchasing an additional 329,603 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Two Harbors Investment by 110.3% in 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 purchasing an additional 3,099,465 shares in the last quarter. State Street Corp lifted its stake in Two Harbors Investment by 4.3% in 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 purchasing an additional 217,529 shares in the last quarter. Northern Trust Corp lifted its stake in Two Harbors Investment by 1.7% in 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 purchasing an additional 57,605 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Two Harbors Investment by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,332,965 shares of the real estate investment trust’s stock worth $33,596,000 after purchasing an additional 153,121 shares in the last quarter.

Several analysts have issued reports on TWO shares. ValuEngine upgraded shares of Two Harbors Investment from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Barclays raised their price objective on shares of Two Harbors Investment from $10.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. B. Riley restated a “neutral” rating on shares of Two Harbors Investment in a research report on Wednesday, November 1st. Finally, Maxim Group restated a “buy” rating and set a $17.00 price objective (down previously from $20.50) on shares of Two Harbors Investment in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.50.

In other Two Harbors Investment news, major shareholder Two Harbors Investment Corp. bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were bought at an average price of $18.82 per share, for a total transaction of $470,500.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Siering bought 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $15.30 per share, for a total transaction of $53,550.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 144,144 shares of company stock worth $2,652,253. Corporate insiders own 1.16% of the company’s stock.

Two Harbors Investment Corp (NYSE TWO) traded down $0.04 during trading on Thursday, hitting $16.26. 3,194,900 shares of the stock traded hands, compared to its average volume of 1,698,662. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $2,844.17, a PE ratio of 7.80 and a beta of 0.57. Two Harbors Investment Corp has a 12-month low of $13.96 and a 12-month high of $17.29.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.24. The firm had revenue of $115.03 million for the quarter, compared to analysts’ expectations of $112.87 million. Two Harbors Investment had a net margin of 63.23% and a return on equity of 10.27%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. equities research analysts forecast that Two Harbors Investment Corp will post 2.08 EPS for the current year.

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Two Harbors Investment 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 Investment (NYSE:TWO)

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