Strs Ohio Acquires 9,650 Shares of Two Harbors Investment Corp (TWO)
Strs Ohio boosted its holdings in Two Harbors Investment Corp (NYSE:TWO) by 35.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,909 shares of the real estate investment trust’s stock after buying an additional 9,650 shares during the quarter. Strs Ohio’s holdings in Two Harbors Investment were worth $551,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Xact Kapitalforvaltning AB boosted its stake in shares of Two Harbors Investment by 66.7% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 40,396 shares of the real estate investment trust’s stock valued at $603,000 after buying an additional 16,162 shares during the period. Aperio Group LLC boosted its stake in shares of Two Harbors Investment by 11.9% during the 3rd quarter. Aperio Group LLC now owns 597,670 shares of the real estate investment trust’s stock valued at $8,923,000 after buying an additional 63,517 shares during the period. First Hawaiian Bank acquired a new stake in shares of Two Harbors Investment during the 3rd quarter valued at $185,000. Stock Yards Bank & Trust Co. acquired a new stake in shares of Two Harbors Investment during the 3rd quarter valued at $217,000. Finally, Bank of Montreal Can boosted its stake in shares of Two Harbors Investment by 394.0% during the 3rd quarter. Bank of Montreal Can now owns 42,219 shares of the real estate investment trust’s stock valued at $630,000 after buying an additional 33,673 shares during the period. Hedge funds and other institutional investors own 47.77% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Compass Point set a $16.00 price objective on shares of Two Harbors Investment and gave the company a “buy” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of Two Harbors Investment from $15.00 to $16.50 and gave the company a “$15.84” rating in a research note on Monday, July 23rd. ValuEngine lowered shares of Two Harbors Investment from a “sell” rating to a “strong sell” rating in a research note on Friday, September 21st. Finally, Barclays set a $17.00 price objective on shares of Two Harbors Investment and gave the company a “buy” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.29.
TWO stock opened at $14.46 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18. Two Harbors Investment Corp has a 1 year low of $13.85 and a 1 year high of $16.83. The firm has a market capitalization of $3.55 billion, a P/E ratio of 7.31 and a beta of 0.31.
Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Two Harbors Investment had a net margin of 66.36% and a return on equity of 13.06%. The business had revenue of $84.30 million during the quarter, compared to analyst estimates of $82.10 million. During the same quarter in the previous year, the business earned $0.52 EPS. Equities analysts forecast that Two Harbors Investment Corp will post 1.96 earnings per share for the current year.
The firm also recently disclosed a special dividend, which was paid on Monday, October 29th. Investors of record on Monday, October 1st were paid a $0.3116 dividend. This represents a dividend yield of 12.34%. The ex-dividend date of this dividend was Friday, September 28th. This is a positive change from Two Harbors Investment’s previous special dividend of $0.16. Two Harbors Investment’s payout ratio is presently 60.10%.
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Two Harbors Investment Company Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
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