Pinnacle Financial Partners Inc. cut its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 19.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,557 shares of the real estate investment trust’s stock after selling 2,122 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Two Harbors Investment were worth $55,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in Two Harbors Investment by 5.5% in the fourth quarter. California Public Employees Retirement System now owns 669,600 shares of the real estate investment trust’s stock valued at $4,265,000 after acquiring an additional 34,610 shares during the last quarter. Van ECK Associates Corp raised its holdings in Two Harbors Investment by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,541,206 shares of the real estate investment trust’s stock valued at $7,845,000 after buying an additional 152,968 shares during the period. Rhumbline Advisers boosted its stake in Two Harbors Investment by 12.5% during the fourth quarter. Rhumbline Advisers now owns 479,249 shares of the real estate investment trust’s stock worth $3,053,000 after buying an additional 53,402 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Two Harbors Investment by 17.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,015 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 1,909 shares during the period. Finally, UBS Oconnor LLC lifted its holdings in shares of Two Harbors Investment by 852.6% in the 4th quarter. UBS Oconnor LLC now owns 714,480 shares of the real estate investment trust’s stock worth $4,551,000 after acquiring an additional 639,480 shares during the last quarter. 59.69% of the stock is owned by institutional investors and hedge funds.
TWO has been the topic of several research analyst reports. Zacks Investment Research downgraded Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Wednesday, April 14th. JMP Securities lifted their price objective on shares of Two Harbors Investment from $6.00 to $6.75 and gave the company a “market outperform” rating in a report on Friday, January 22nd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Two Harbors Investment currently has a consensus rating of “Hold” and a consensus target price of $6.79.
TWO opened at $7.40 on Friday. The business’s 50-day simple moving average is $7.44 and its 200-day simple moving average is $6.51. The company has a market cap of $2.03 billion, a P/E ratio of -1.13 and a beta of 1.75. Two Harbors Investment Corp. has a one year low of $3.82 and a one year high of $7.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.13.
Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Monday, February 8th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. Two Harbors Investment had a negative net margin of 246.97% and a positive return on equity of 11.09%. As a group, analysts predict that Two Harbors Investment Corp. will post 0.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 29th. Stockholders of record on Monday, March 29th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 9.19%. The ex-dividend date is Friday, March 26th. Two Harbors Investment’s payout ratio is currently 49.64%.
Two Harbors Investment 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); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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