Two Harbors Investment Corp (TWO) Stake Lessened by AMP Capital Investors Ltd
AMP Capital Investors Ltd reduced its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 52.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,194 shares of the real estate investment trust’s stock after selling 24,700 shares during the quarter. AMP Capital Investors Ltd’s holdings in Two Harbors Investment were worth $224,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of TWO. Schwab Charles Investment Management Inc. boosted its stake in shares of Two Harbors Investment by 7.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,837,326 shares of the real estate investment trust’s stock valued at $18,208,000 after purchasing an additional 125,540 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Two Harbors Investment during the second quarter valued at $497,000. Teacher Retirement System of Texas boosted its stake in shares of Two Harbors Investment by 2.2% during the second quarter. Teacher Retirement System of Texas now owns 27,932 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 598 shares during the period. Bank of New York Mellon Corp lifted its stake in Two Harbors Investment by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 1,730,811 shares of the real estate investment trust’s stock worth $17,154,000 after acquiring an additional 50,000 shares during the period. Finally, Legal & General Group Plc lifted its stake in Two Harbors Investment by 1.9% in the second quarter. Legal & General Group Plc now owns 343,171 shares of the real estate investment trust’s stock worth $3,402,000 after acquiring an additional 6,440 shares during the period.
In other Two Harbors Investment news, major shareholder Two Harbors Investment Corp. purchased 5,210 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were bought at an average price of $18.95 per share, for a total transaction of $98,729.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian Taylor purchased 9,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $15.64 per share, for a total transaction of $148,580.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 113,489 shares of company stock worth $2,074,534. Corporate insiders own 1.16% of the company’s stock.
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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.24. Two Harbors Investment had a net margin of 63.23% and a return on equity of 10.27%. The firm had revenue of $115.03 million for the quarter, compared to the consensus estimate of $112.87 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts predict that Two Harbors Investment Corp will post 2.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th will be issued a dividend of $0.47 per share. The ex-dividend date is Friday, December 22nd. This represents a $1.88 annualized dividend and a dividend yield of 11.53%. Two Harbors Investment’s dividend payout ratio (DPR) is currently 72.26%.
TWO has been the subject of a number of research reports. ValuEngine raised 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 lowered shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Barclays upped their price objective on shares of Two Harbors Investment from $10.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. B. Riley reiterated a “neutral” rating on shares of Two Harbors Investment in a report on Wednesday, November 1st. Finally, Maxim Group reiterated a “buy” rating and issued a $17.00 target price (down from $20.50) on shares of Two Harbors Investment in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.50.
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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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