State Board of Administration of Florida Retirement System lifted its holdings in shares of Two Harbors Investments Corp (NYSE:TWO) by 18.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 451,543 shares of the real estate investment trust’s stock after purchasing an additional 70,360 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.13% of Two Harbors Investments Corp worth $4,475,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Two Harbors Investments Corp by 4.0% during the first quarter. Vanguard Group Inc. now owns 28,170,629 shares of the real estate investment trust’s stock worth $270,156,000 after purchasing an additional 1,095,212 shares in the last quarter. UBS Group AG lifted its position in shares of Two Harbors Investments Corp by 0.4% during the first quarter. UBS Group AG now owns 3,562,131 shares of the real estate investment trust’s stock worth $34,161,000 after purchasing an additional 12,683 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Two Harbors Investments Corp by 1.5% during the first quarter. OppenheimerFunds Inc. now owns 2,955,500 shares of the real estate investment trust’s stock worth $28,343,000 after buying an additional 44,875 shares during the period. First Trust Advisors LP increased its stake in shares of Two Harbors Investments Corp by 10.9% during the second quarter. First Trust Advisors LP now owns 2,195,229 shares of the real estate investment trust’s stock worth $21,755,000 after buying an additional 214,935 shares during the period. Finally, Global X Management Co. LLC increased its stake in shares of Two Harbors Investments Corp by 7.5% during the second quarter. Global X Management Co. LLC now owns 2,030,186 shares of the real estate investment trust’s stock worth $20,119,000 after buying an additional 141,207 shares during the period. 70.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Two Harbors Investments Corp (NYSE:TWO) opened at 10.05 on Thursday. Two Harbors Investments Corp has a 1-year low of $7.91 and a 1-year high of $10.54. The company’s 50 day moving average is $9.99 and its 200-day moving average is $9.86. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 6.56 and a beta of 0.59.

Two Harbors Investments Corp (NYSE:TWO) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating 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 firm had revenue of $117.79 million during the quarter, compared to analysts’ expectations of $123.04 million. During the same period last year, the firm posted $0.22 EPS. The business’s revenue was up 16.8% on a year-over-year basis. Equities analysts anticipate that Two Harbors Investments Corp will post $1.07 earnings per share for the current fiscal year.

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TWO has been the topic of a number of recent research reports. Maxim Group restated a “buy” rating and set 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 set an “outperform” rating and a $10.50 target price on the stock. Zacks Investment Research lowered shares of Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Finally, BidaskClub lowered shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Three research 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 company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $9.95.

In other news, major shareholder Two Harbors Investment Corp. bought 25,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was bought at an average cost of $19.07 per share, with a total value of $476,750.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian Taylor bought 32,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $10.06 per share, with a total value of $321,920.00. Following the completion of the purchase, the director now directly owns 51,865 shares in the company, valued at approximately $521,761.90. The disclosure for this purchase can be found here. Insiders bought a total of 80,212 shares of company stock valued at $1,197,219 over the last three months. Insiders own 1.16% of the company’s stock.

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.

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

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