Stockman Wealth Management Inc. maintained its stake in Two Harbors Investments Corp (NYSE:TWO) during the first quarter, according to its most recent filing with the SEC. The firm owned 24,500 shares of the real estate investment trust’s stock at the end of the first quarter. Stockman Wealth Management Inc.’s holdings in Two Harbors Investments Corp were worth $238,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. FJ Capital Management LLC bought a new position in shares of Two Harbors Investments Corp during the fourth quarter worth about $100,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Two Harbors Investments Corp during the fourth quarter worth about $107,000. Sustainable Insight Capital Management LLC bought a new position in shares of Two Harbors Investments Corp during the fourth quarter worth about $107,000. Cadence Capital Management LLC bought a new position in shares of Two Harbors Investments Corp during the first quarter worth about $116,000. Finally, World Asset Management Inc increased its position in Two Harbors Investments Corp by 0.7% in the first quarter. World Asset Management Inc now owns 12,407 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 83 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.
Two Harbors Investments Corp (NYSE:TWO) traded up 0.97% during mid-day trading on Friday, reaching $10.37. The company had a trading volume of 4,876,327 shares. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 7.04 and a beta of 0.61. Two Harbors Investments Corp has a 52 week low of $7.91 and a 52 week high of $10.38. The stock has a 50 day moving average of $10.00 and a 200 day moving average of $9.38.
Two Harbors Investments Corp (NYSE:TWO) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $116.20 million during the quarter, compared to analysts’ expectations of $107.90 million. Two Harbors Investments Corp had a return on equity of 9.81% and a net margin of 74.05%. The business’s revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Analysts anticipate that Two Harbors Investments Corp will post $1.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Friday, June 30th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.03%. Two Harbors Investments Corp’s dividend payout ratio is 72.99%.
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Several research analysts have weighed in on the company. Wells Fargo & Company downgraded Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 price target for the company. in a research note on Tuesday, April 11th. They noted that the move was a valuation call. Zacks Investment Research downgraded Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Finally, Maxim Group reiterated a “buy” rating and set a $10.25 target price on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Two Harbors Investments Corp presently has an average rating of “Hold” and a consensus target price of $9.73.
In other news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $9.85, for a total transaction of $54,825.10. Following the completion of the transaction, the general counsel now directly owns 179,466 shares of the company’s stock, valued at approximately $1,767,740.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brad Farrell sold 19,663 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $9.86, for a total value of $193,877.18. Following the transaction, the chief financial officer now directly owns 410,727 shares of the company’s stock, valued at $4,049,768.22. The disclosure for this sale can be found here. 1.16% of the stock is owned by corporate insiders.
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.
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