Amalgamated Bank boosted its position in Two Harbors Investments Corp (NYSE:TWO) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,690 shares of the real estate investment trust’s stock after buying an additional 1,618 shares during the period. Amalgamated Bank’s holdings in Two Harbors Investments Corp were worth $477,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sigma Planning Corp increased its position in Two Harbors Investments Corp by 16.6% in the first quarter. Sigma Planning Corp now owns 24,669 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 3,515 shares during the period. James Investment Research Inc. purchased a new position in Two Harbors Investments Corp during the first quarter worth $154,000. Hudson Valley Investment Advisors Inc. ADV increased its position in Two Harbors Investments Corp by 38.8% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 34,700 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 9,700 shares during the period. Nisa Investment Advisors LLC purchased a new position in Two Harbors Investments Corp during the first quarter worth $809,000. Finally, Americafirst Capital Management LLC purchased a new position in Two Harbors Investments Corp during the first quarter worth $852,000. 70.99% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investments Corp (NYSE:TWO) traded down 0.51% during trading on Friday, hitting $9.80. The stock had a trading volume of 2,051,134 shares. Two Harbors Investments Corp has a 52-week low of $7.91 and a 52-week high of $10.54. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 6.65 and a beta of 0.59. The company has a 50-day moving average price of $10.00 and a 200-day moving average price of $9.65.

Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Two Harbors Investments Corp had a net margin of 74.05% and a return on equity of 9.81%. The firm had revenue of $116.20 million during the quarter, compared to the consensus estimate of $107.90 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. Equities research analysts forecast that Two Harbors Investments Corp will post $1.06 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, June 30th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.04 annualized dividend and a yield of 10.61%. This is an increase from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. Two Harbors Investments Corp’s dividend payout ratio is currently 75.91%.

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Several analysts have recently commented on the company. Zacks Investment Research downgraded Two Harbors Investments Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Maxim Group reissued a “buy” rating and issued a $10.25 price objective on shares of Two Harbors Investments Corp in a research note on Wednesday, June 7th. Credit Suisse Group initiated coverage on Two Harbors Investments Corp in a research note on Wednesday, July 5th. They issued an “outperform” rating and a $10.50 price objective for the company. BidaskClub downgraded Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Wells Fargo & Company downgraded Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 price target for the company. in a research report on Tuesday, April 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $9.84.

In other Two Harbors Investments Corp news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the stock in a transaction dated Monday, May 15th. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brad Farrell sold 19,663 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $9.86, for a total transaction 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. Corporate 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.

Institutional Ownership by Quarter for Two Harbors Investments Corp (NYSE:TWO)

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