Clear Harbor Asset Management LLC acquired a new stake in Two Harbors Investment Corp (NYSE:TWO) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 149,822 shares of the real estate investment trust’s stock, valued at approximately $2,027,000. Clear Harbor Asset Management LLC owned 0.05% of Two Harbors Investment as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in TWO. Vanguard Group Inc. grew its position in Two Harbors Investment by 44.9% in the third quarter. Vanguard Group Inc. now owns 21,929,421 shares of the real estate investment trust’s stock worth $327,406,000 after acquiring an additional 6,798,312 shares in the last quarter. Vanguard Group Inc grew its position in Two Harbors Investment by 44.9% in the third quarter. Vanguard Group Inc now owns 21,929,421 shares of the real estate investment trust’s stock worth $327,406,000 after acquiring an additional 6,798,312 shares in the last quarter. Norges Bank bought a new stake in Two Harbors Investment in the fourth quarter worth approximately $37,166,000. APG Asset Management N.V. grew its position in Two Harbors Investment by 1,042.7% in the fourth quarter. APG Asset Management N.V. now owns 1,113,553 shares of the real estate investment trust’s stock worth $12,508,000 after acquiring an additional 1,016,100 shares in the last quarter. Finally, LSV Asset Management grew its position in Two Harbors Investment by 31.5% in the fourth quarter. LSV Asset Management now owns 3,496,728 shares of the real estate investment trust’s stock worth $44,897,000 after acquiring an additional 837,952 shares in the last quarter. Hedge funds and other institutional investors own 56.85% of the company’s stock.

Several analysts have commented on the stock. Nomura assumed coverage on shares of Two Harbors Investment in a research report on Wednesday, March 27th. They issued a “neutral” rating and a $18.00 target price for the company. Zacks Investment Research downgraded shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. ValuEngine raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Credit Suisse Group reissued a “hold” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, February 7th. Finally, TheStreet downgraded shares of Two Harbors Investment from a “c” rating to a “d+” rating in a research report on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.89.

Shares of NYSE TWO remained flat at $$13.70 during trading hours on Friday. 1,895,057 shares of the company traded hands, compared to its average volume of 2,548,877. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.74 billion, a P/E ratio of 6.95 and a beta of 0.52. Two Harbors Investment Corp has a fifty-two week low of $12.63 and a fifty-two week high of $16.27.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Wednesday, February 6th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Two Harbors Investment had a negative net margin of 4.12% and a positive return on equity of 13.56%. The business had revenue of $89.65 million during the quarter, compared to the consensus estimate of $106.46 million. During the same period in the prior year, the firm earned $0.47 EPS. Two Harbors Investment’s quarterly revenue was down 10.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Two Harbors Investment Corp will post 1.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 29th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 13.72%. The ex-dividend date of this dividend is Thursday, March 28th. Two Harbors Investment’s dividend payout ratio (DPR) is presently 95.43%.

In related news, CFO Brad Farrell sold 29,095 shares of the stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $14.48, for a total transaction of $421,295.60. Following the completion of the sale, the chief financial officer now owns 265,087 shares in the company, valued at approximately $3,838,459.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Roth sold 58,040 shares of the stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $14.46, for a total transaction of $839,258.40. Following the sale, the insider now owns 730,122 shares of the company’s stock, valued at approximately $10,557,564.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,572 shares of company stock valued at $1,859,327. Insiders own 0.86% of the company’s stock.

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About Two Harbors Investment

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.

Further Reading: Depreciation

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

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