Vanguard Group Inc. lifted its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,500,232 shares of the real estate investment trust’s stock after buying an additional 329,603 shares during the period. Vanguard Group Inc. owned about 8.17% of Two Harbors Investments Corp worth $282,437,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TWO. UBS Asset Management Americas Inc. boosted its position in shares of Two Harbors Investments Corp by 19.5% during the first quarter. UBS Asset Management Americas Inc. now owns 281,923 shares of the real estate investment trust’s stock valued at $2,704,000 after buying an additional 45,977 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Two Harbors Investments Corp by 4.1% during the first quarter. Ameriprise Financial Inc. now owns 84,990 shares of the real estate investment trust’s stock valued at $816,000 after buying an additional 3,354 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Two Harbors Investments Corp by 21.5% during the first quarter. Prudential Financial Inc. now owns 882,875 shares of the real estate investment trust’s stock valued at $8,467,000 after buying an additional 156,231 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Two Harbors Investments Corp by 5.8% during the first quarter. Neuberger Berman Group LLC now owns 447,282 shares of the real estate investment trust’s stock valued at $4,289,000 after buying an additional 24,719 shares during the last quarter. Finally, Cadence Capital Management LLC purchased a new position in shares of Two Harbors Investments Corp during the first quarter valued at approximately $116,000. 70.21% of the stock is currently owned by institutional investors.

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Several brokerages recently issued reports on TWO. Credit Suisse Group reaffirmed a “buy” rating and set a $10.00 target price on shares of Two Harbors Investments Corp in a research report on Thursday, August 10th. Maxim Group reaffirmed a “buy” rating and set a $10.25 target price on shares of Two Harbors Investments Corp in a research report on Tuesday, August 8th. BidaskClub raised Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research cut Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $9.95.

In other news, Director Brian Taylor purchased 32,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average cost of $10.06 per share, for a total transaction of $321,920.00. Following the purchase, the director now directly owns 51,865 shares in the company, valued at approximately $521,761.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Two Harbors Investment Corp. purchased 5,210 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was purchased at an average price of $18.95 per share, for a total transaction of $98,729.50. The disclosure for this purchase can be found here. In the last three months, insiders acquired 118,829 shares of company stock valued at $1,925,821. Corporate insiders own 1.16% of the company’s stock.

Two Harbors Investments Corp (TWO) opened at 10.06 on Wednesday. Two Harbors Investments Corp has a 52-week low of $8.04 and a 52-week high of $10.54. The stock has a market cap of $3.51 billion, a PE ratio of 6.56 and a beta of 0.58. The firm has a 50-day moving average price of $10.11 and a 200 day moving average price of $9.99. Shares of Two Harbors Investments Corp are going to reverse split on Thursday, November 2nd. The 1-2 reverse split was announced on Thursday, September 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 1st.

Two Harbors Investments Corp (NYSE:TWO) last posted its 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. The business had revenue of $117.79 million during the quarter, compared to analyst estimates of $123.04 million. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 EPS. On average, analysts forecast that Two Harbors Investments Corp will post $1.07 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date of this dividend is Thursday, September 28th. Two Harbors Investments Corp’s payout ratio is 72.73%.

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.

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

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