Utah Retirement Systems grew its position in Two Harbors Investments Corp (NYSE:TWO) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,362 shares of the real estate investment trust’s stock after acquiring an additional 262 shares during the period. Utah Retirement Systems’ holdings in Two Harbors Investments Corp were worth $628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Willingdon Wealth Management bought a new position in shares of Two Harbors Investments Corp in the 2nd quarter valued at about $4,209,000. Prudential Financial Inc. grew its position in shares of Two Harbors Investments Corp by 1.2% in the 2nd quarter. Prudential Financial Inc. now owns 893,075 shares of the real estate investment trust’s stock valued at $8,850,000 after acquiring an additional 10,200 shares during the period. Essex Financial Services Inc. grew its position in shares of Two Harbors Investments Corp by 3.7% in the 2nd quarter. Essex Financial Services Inc. now owns 14,100 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 500 shares during the period. American Century Companies Inc. grew its position in shares of Two Harbors Investments Corp by 74.9% in the 2nd quarter. American Century Companies Inc. now owns 2,668,163 shares of the real estate investment trust’s stock valued at $26,441,000 after acquiring an additional 1,142,732 shares during the period. Finally, Covenant Multifamily Offices LLC bought a new position in shares of Two Harbors Investments Corp in the 2nd quarter valued at about $505,000. 70.22% of the stock is owned by institutional investors.

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Shares of Two Harbors Investments Corp (TWO) opened at 10.04 on Thursday. Two Harbors Investments Corp has a 1-year low of $7.91 and a 1-year high of $10.54. The stock’s 50 day moving average is $10.02 and its 200-day moving average is $9.89. The firm has a market cap of $3.50 billion, a PE ratio of 6.55 and a beta of 0.59.

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

In related news, Director Brian Taylor purchased 32,000 shares of Two Harbors Investments Corp stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of $10.06 per share, for a total transaction of $321,920.00. Following the completion of the transaction, the director now owns 51,865 shares in the company, valued at $521,761.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas Siering purchased 5,000 shares of Two Harbors Investments Corp stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of $10.14 per share, with a total value of $50,700.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 80,212 shares of company stock valued at $1,197,219. 1.16% of the stock is owned by company insiders.

A number of analysts have recently issued reports on TWO shares. Zacks Investment Research upgraded shares of Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, July 20th. Credit Suisse Group restated a “buy” rating and set a $10.00 target price on shares of Two Harbors Investments Corp in a research note on Thursday, August 10th. 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 Tuesday, August 8th. Finally, BidaskClub cut shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $9.95.

Two Harbors Investments Corp 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.

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

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