The position of shares of Two Harbors Investment Corp. (NYSE:TWO) was downgraded by the State of Alaska Department of Revenue


State of Alaska Department of Revenue decreased its position in shares of Two Harbors Investment Corp. (NYSE:TWO – Get Rating ) by 1.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 239,925 shares of the real estate investment trust’s stock after selling 3,565 shares during the period. State of Alaska Department of Revenue’s holdings in Two Harbors Investment were worth $1,326,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TWO. Allspring Global Investments Holdings LLC bought a new position in Two Harbors Investment during the fourth quarter valued at about $79,330,000. Invesco Ltd. raised its stake in Two Harbors Investment by 494.8% in the fourth quarter. Invesco Ltd. now owns 4,015,599 shares of the real estate investment trust’s stock valued at $23,170,000 after purchasing an additional 3,340,520 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Two Harbors Investment by 14.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,782,515 shares of the real estate investment trust’s stock valued at $44,906,000 after buying an additional 1,011,542 shares in the last quarter. First Trust Advisors LP raised its stake in Two Harbors Investment by 5,407.3% in the fourth quarter. First Trust Advisors LP now owns 730,540 shares of the real estate investment trust’s stock valued at $4,215,000 after buying an additional 717,275 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Two Harbors Investment by 11.8% in the fourth quarter. Geode Capital Management LLC now owns 5,584,582 shares of the real estate investment trust’s stock valued at $32,223,000 after buying an additional 591,576 shares during the last quarter. 68.67% of the shares are owned by institutional investors and hedge funds.

In other news, Director Stephen G. Casnett sold 19,213 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $5.00, for a total transaction of $96,065.00. Following the closing of the sale, the director now directly owns 219,692 shares of the company’s stock, valued at approximately $1,098,460. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Also, CFO Mary Catherine Risky sold 15,114 shares of the firm’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $4.97, for a total value of $75,116.58. Following the sale, the chief financial officer now directly owns 221,223 shares of the company’s stock, valued at $1,099,478.31. Disclosure of this sale can be found here. Over the last three months, insiders have sold 86,421 shares of company stock valued at $431,131. Company insiders own 0.42% of the company’s shares.

Shares of NYSE TWO opened at $4.91 on Monday. The business has a fifty day simple moving average of $5.04 and a 200 day simple moving average of $5.29. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 13.27 and a beta of 1.59. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.44. Two Harbors Investment Corp. has a 12-month low of $4.26 and a 12-month high of $7.62.

Two Harbors Investment (NYSE:TWO – Get Rating ) last announced its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $22.53 million during the quarter, compared to analysts’ expectations of $27.42 million. Two Harbors Investment had a return on equity of 16.21% and a net margin of 147.67%. The company’s revenues decreased by 32.5% on an annual basis. In the same period last year, the company reported earnings of $0.17 per share. As a group, sell-side analysts expect Two Harbors Investment Corp. to post 0.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Tuesday, July 5th will be given a $0.17 dividend. This represents a $0.68 annual dividend and a yield of 13.85%. The ex-dividend date is Friday, July 1st. Two Harbors Investment’s dividend payout ratio is currently 183.78%.

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Two Harbors Investment from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Monday, April 25th. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Finally, Credit Suisse Group cut their target price on Two Harbor Investment from $6.00 to $5.25 and set a “neutral” rating for the company in a report on Tuesday, March 8th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $5.81, according to MarketBeat.com.

Two Harbors Investment Company Profile (Get Rating)

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 countries. Its target assets include agency RMBS backed by fixed rate mortgages, adjustable rate mortgages and hybrid adjustable rate mortgages (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and unhedged transactions.

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Want to see what other hedge funds hold TWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Two Harbors Investment Corp. (NYSE:TWO – Get Rating).

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



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