Berson & Corrado Investment Advisors LLC lessened its position in Two Harbors Investment Corp (NYSE:TWO) by 56.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,273 shares of the real estate investment trust’s stock after selling 36,347 shares during the quarter. Berson & Corrado Investment Advisors LLC’s holdings in Two Harbors Investment were worth $460,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of 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 valued at $282,437,000 after buying an additional 329,603 shares during the period. Delphi Financial Group Inc. raised its holdings in shares of Two Harbors Investment by 1.1% in the 3rd quarter. Delphi Financial Group Inc. now owns 7,193,819 shares of the real estate investment trust’s stock valued at $72,442,000 after buying an additional 80,000 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 valued at $58,555,000 after buying an additional 3,099,465 shares during the period. Janus Henderson Group PLC increased its holdings in Two Harbors Investment by 145.8% during the 3rd quarter. Janus Henderson Group PLC now owns 5,705,879 shares of the real estate investment trust’s stock worth $57,515,000 after purchasing an additional 3,384,072 shares during the period. Finally, State Street Corp increased its holdings in Two Harbors Investment 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 purchasing an additional 217,529 shares during the period.
TWO has been the topic of several recent research reports. Zacks Investment Research upgraded Two Harbors Investment from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, October 25th. Barclays upped their price target on Two Harbors Investment from $10.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Maxim Group restated a “buy” rating and set a $17.00 price target (down previously from $20.50) on shares of Two Harbors Investment in a report on Thursday, November 9th. B. Riley upgraded Two Harbors Investment from a “neutral” rating to a “buy” rating and cut their price target for the stock from $20.00 to $16.50 in a report on Friday, November 10th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Two Harbors Investment from a “strong-buy” rating to a “buy” rating in a 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 issued a strong buy rating to the stock. Two Harbors Investment has a consensus rating of “Buy” and a consensus target price of $18.50.
Shares of Two Harbors Investment Corp (NYSE TWO) traded down $0.04 during midday trading on Wednesday, reaching $15.67. The company’s stock had a trading volume of 2,275,158 shares, compared to its average volume of 1,787,029. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.37. Two Harbors Investment Corp has a 12 month low of $13.96 and a 12 month high of $17.29. The stock has a market cap of $2,730.00, a P/E ratio of 5.40 and a beta of 0.52.
Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.24. The company had revenue of $115.03 million for the quarter, compared to the consensus estimate of $112.87 million. Two Harbors Investment had a return on equity of 10.27% and a net margin of 63.23%. Two Harbors Investment’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 EPS. analysts anticipate that Two Harbors Investment Corp will post 2.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $1.88 annualized dividend and a dividend yield of 12.00%. Two Harbors Investment’s dividend payout ratio is currently 72.41%.
About Two Harbors Investment
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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