Two Harbors Investments Corp (NYSE:TWO) major shareholder Two Harbors Investment Corp. purchased 3,440 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $19.10 per share, for a total transaction of $65,704.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Two Harbors Investment Corp. also recently made the following trade(s):

  • On Thursday, August 10th, Two Harbors Investment Corp. purchased 14,772 shares of Two Harbors Investments Corp stock. The stock was acquired at an average cost of $19.10 per share, for a total transaction of $282,145.20.
  • On Wednesday, August 9th, Two Harbors Investment Corp. purchased 25,000 shares of Two Harbors Investments Corp stock. The stock was acquired at an average cost of $19.07 per share, for a total transaction of $476,750.00.

Shares of Two Harbors Investments Corp (NYSE TWO) opened at 9.99 on Monday. The stock has a 50 day moving average of $9.90 and a 200 day moving average of $9.69. The firm has a market cap of $3.49 billion, a P/E ratio of 6.52 and a beta of 0.59. Two Harbors Investments Corp has a 52 week low of $7.91 and a 52 week high of $10.54.

Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The company had revenue of $117.79 million for the quarter, compared to analysts’ expectations of $123.04 million. During the same quarter last year, the business earned $0.22 earnings per share. Two Harbors Investments Corp’s revenue was up 16.8% on a year-over-year basis. Analysts anticipate that Two Harbors Investments Corp will post $1.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, June 30th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.41%. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. Two Harbors Investments Corp’s dividend payout ratio (DPR) is presently 72.73%.

TRADEMARK VIOLATION NOTICE: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/14/two-harbors-investments-corp-nysetwo-major-shareholder-purchases-65704-00-in-stock.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Hawaii boosted its position in shares of Two Harbors Investments Corp by 33.5% in the second quarter. Bank of Hawaii now owns 19,855 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 4,980 shares during the last quarter. Virtu KCG Holdings LLC boosted its position in shares of Two Harbors Investments Corp by 49.1% in the second quarter. Virtu KCG Holdings LLC now owns 36,921 shares of the real estate investment trust’s stock worth $366,000 after buying an additional 12,159 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Two Harbors Investments Corp by 77.2% in the second quarter. Renaissance Technologies LLC now owns 1,935,600 shares of the real estate investment trust’s stock worth $19,182,000 after buying an additional 843,200 shares during the last quarter. TLP Group LLC bought a new position in shares of Two Harbors Investments Corp during the second quarter worth approximately $255,000. Finally, Advisor Group Inc. boosted its position in shares of Two Harbors Investments Corp by 49.5% in the second quarter. Advisor Group Inc. now owns 22,838 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 7,558 shares during the last quarter. Institutional investors own 72.26% of the company’s stock.

Several equities research analysts have issued reports on TWO shares. Zacks Investment Research lowered shares of Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Maxim Group restated a “buy” rating and issued a $10.25 target price on shares of Two Harbors Investments Corp in a research note on Wednesday, June 7th. Credit Suisse Group initiated coverage on shares of Two Harbors Investments Corp in a research note on Wednesday, July 5th. They issued an “outperform” rating and a $10.50 target price on the stock. Finally, BidaskClub downgraded shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.95.

Two Harbors Investments Corp Company Profile

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.

Insider Buying and Selling by Quarter for Two Harbors Investments Corp (NYSE:TWO)

Receive News & Stock Ratings for Two Harbors Investments Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investments Corp and related stocks with our FREE daily email newsletter.