Two Harbors Investments Corp (NYSE:TWO) major shareholder Two Harbors Investment Corp. bought 5,555 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were acquired at an average cost of $18.96 per share, for a total transaction of $105,322.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 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 Friday, September 22nd, Two Harbors Investment Corp. bought 100 shares of Two Harbors Investments Corp stock. The shares were acquired at an average cost of $18.96 per share, for a total transaction of $1,896.00.
  • On Wednesday, September 20th, Two Harbors Investment Corp. bought 25,000 shares of Two Harbors Investments Corp stock. The shares were acquired at an average cost of $18.82 per share, for a total transaction of $470,500.00.
  • On Friday, August 11th, Two Harbors Investment Corp. bought 3,440 shares of Two Harbors Investments Corp stock. The shares were acquired at an average cost of $19.10 per share, for a total transaction of $65,704.00.
  • On Thursday, August 10th, Two Harbors Investment Corp. bought 14,772 shares of Two Harbors Investments Corp stock. The shares were 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. bought 25,000 shares of Two Harbors Investments Corp stock. The shares were 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 10.19 on Friday. The company’s 50-day moving average price is $10.06 and its 200 day moving average price is $9.91. The company has a market cap of $3.56 billion, a P/E ratio of 6.65 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 released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $117.79 million during the quarter, compared to analysts’ expectations of $123.04 million. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. Two Harbors Investments Corp’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. Equities research analysts anticipate that Two Harbors Investments Corp will post $1.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a yield of 10.21%. Two Harbors Investments Corp’s payout ratio is 72.73%.

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Several brokerages recently issued reports on TWO. Maxim Group reissued 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. Zacks Investment Research downgraded Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Credit Suisse Group reissued 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. Finally, BidaskClub raised Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $9.95.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Linscomb & Williams Inc. acquired a new position in Two Harbors Investments Corp in the 2nd quarter worth about $100,000. Clinton Group Inc. acquired a new position in Two Harbors Investments Corp in the 2nd quarter worth about $104,000. HighTower Advisors LLC acquired a new position in Two Harbors Investments Corp in the 1st quarter worth about $106,000. Synovus Financial Corp acquired a new position in Two Harbors Investments Corp in the 2nd quarter worth about $113,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Two Harbors Investments Corp by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 718 shares during the period. 70.21% of the stock is owned by institutional investors.

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)

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