HL Financial Services LLC lowered its position in Two Harbors Investments Corp (NYSE:TWO) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 115,322 shares of the real estate investment trust’s stock after selling 2,252 shares during the period. HL Financial Services LLC’s holdings in Two Harbors Investments Corp were worth $1,143,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Boston Partners boosted its position in Two Harbors Investments Corp by 21.8% in the first quarter. Boston Partners now owns 7,244,328 shares of the real estate investment trust’s stock worth $69,473,000 after buying an additional 1,295,633 shares in the last quarter. Vanguard Group Inc. boosted its position in Two Harbors Investments Corp by 4.0% in the first quarter. Vanguard Group Inc. now owns 28,170,629 shares of the real estate investment trust’s stock worth $270,156,000 after buying an additional 1,095,212 shares in the last quarter. Global X Management Co. LLC boosted its position in Two Harbors Investments Corp by 75.8% in the first quarter. Global X Management Co. LLC now owns 1,888,979 shares of the real estate investment trust’s stock worth $18,115,000 after buying an additional 814,751 shares in the last quarter. Bank of Montreal Can boosted its position in Two Harbors Investments Corp by 3,421.2% in the second quarter. Bank of Montreal Can now owns 770,580 shares of the real estate investment trust’s stock worth $7,637,000 after buying an additional 748,696 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in Two Harbors Investments Corp during the first quarter worth $6,759,000. Institutional investors own 71.02% of the company’s stock.

Shares of Two Harbors Investments Corp (TWO) opened at 10.04 on Friday. Two Harbors Investments Corp has a 12-month low of $7.91 and a 12-month high of $10.54. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 6.55 and a beta of 0.59. The stock’s 50 day moving average is $9.91 and its 200-day moving average is $9.69.

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

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

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TWO has been the subject of a number of research analyst reports. Maxim Group restated a “buy” rating and set a $10.25 price objective on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. Credit Suisse Group initiated coverage on shares of Two Harbors Investments Corp in a research report on Wednesday, July 5th. They set an “outperform” rating and a $10.50 price objective for the company. Zacks Investment Research cut shares of Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Finally, BidaskClub cut shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Two Harbors Investments Corp has an average rating of “Buy” and a consensus price target of $9.95.

In other news, General Counsel Rebecca B. Sandberg sold 5,566 shares of Two Harbors Investments Corp stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.85, for a total transaction of $54,825.10. Following the completion of the transaction, the general counsel now owns 179,466 shares of the company’s stock, valued at approximately $1,767,740.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brad Farrell sold 19,663 shares of Two Harbors Investments Corp 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 transaction, the chief financial officer now directly owns 410,727 shares of the company’s stock, valued at approximately $4,049,768.22. The disclosure for this sale can be found here. 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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