Boston Private Wealth LLC purchased a new position in shares of Two Harbors Investment Corp (NYSE:TWO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,779 shares of the real estate investment trust’s stock, valued at approximately $519,000.
Other large investors also recently modified their holdings of the company. Nan Shan Life Insurance Co. Ltd. grew its position in Two Harbors Investment by 13.2% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 3,153,701 shares of the real estate investment trust’s stock worth $49,828,000 after buying an additional 367,155 shares in the last quarter. Glen Harbor Capital Management LLC grew its position in Two Harbors Investment by 7.1% during the second quarter. Glen Harbor Capital Management LLC now owns 172,550 shares of the real estate investment trust’s stock worth $2,726,000 after buying an additional 11,390 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in Two Harbors Investment during the third quarter worth approximately $6,513,000. Strs Ohio acquired a new stake in Two Harbors Investment during the second quarter worth approximately $430,000. Finally, NumerixS Investment Technologies Inc grew its position in Two Harbors Investment by 88.1% during the second quarter. NumerixS Investment Technologies Inc now owns 26,900 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 12,600 shares in the last quarter. 60.51% of the stock is currently owned by institutional investors and hedge funds.
In other Two Harbors Investment news, CEO Thomas Siering purchased 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average price of $14.41 per share, with a total value of $50,435.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brad Farrell sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $14.28, for a total transaction of $57,120.00. The disclosure for this sale can be found here. Company insiders own 1.41% of the company’s stock.
TWO has been the topic of a number of analyst reports. Compass Point set a $16.00 price target on Two Harbors Investment and gave the stock a “buy” rating in a research report on Thursday, August 9th. Barclays set a $17.00 target price on Two Harbors Investment and gave the stock a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. ValuEngine upgraded Two Harbors Investment from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Finally, Raymond James started coverage on Two Harbors Investment in a research note on Thursday, October 11th. They issued an “outperform” rating and a $16.50 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $16.25.
Shares of Two Harbors Investment stock opened at $14.16 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 6.81 and a beta of 0.31. Two Harbors Investment Corp has a 1-year low of $13.85 and a 1-year high of $16.83.
Two Harbors Investment (NYSE:TWO) last issued its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $84.30 million during the quarter, compared to the consensus estimate of $82.10 million. Two Harbors Investment had a return on equity of 12.09% and a net margin of 66.36%. During the same period last year, the business posted $0.52 EPS. On average, sell-side analysts forecast that Two Harbors Investment Corp will post 1.96 earnings per share for the current year.
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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