Bank of New York Mellon Corp raised its position in Two Harbors Investment Corp (NYSE:TWO) by 29.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,395,798 shares of the real estate investment trust’s stock after purchasing an additional 318,269 shares during the period. Bank of New York Mellon Corp’s holdings in Two Harbors Investment were worth $7,035,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in TWO. FMR LLC boosted its holdings in shares of Two Harbors Investment by 41.7% in the 1st quarter. FMR LLC now owns 522,941 shares of the real estate investment trust’s stock valued at $7,076,000 after buying an additional 153,900 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Two Harbors Investment by 111.2% in the 1st quarter. Victory Capital Management Inc. now owns 96,160 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 50,625 shares in the last quarter. Arizona State Retirement System acquired a new position in shares of Two Harbors Investment in the 1st quarter valued at $244,000. Rhumbline Advisers boosted its holdings in shares of Two Harbors Investment by 28.9% in the 1st quarter. Rhumbline Advisers now owns 279,802 shares of the real estate investment trust’s stock valued at $1,066,000 after buying an additional 62,718 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Two Harbors Investment by 134.3% during the 1st quarter. First Trust Advisors LP now owns 352,547 shares of the real estate investment trust’s stock worth $1,343,000 after purchasing an additional 202,085 shares during the period. 61.62% of the stock is currently owned by institutional investors.
Shares of TWO opened at $5.28 on Friday. The company has a 50-day simple moving average of $5.45 and a 200-day simple moving average of $5.62. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.45 billion, a PE ratio of -0.85 and a beta of 1.61. Two Harbors Investment Corp has a 52-week low of $2.25 and a 52-week high of $15.85.
Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.18). Two Harbors Investment had a negative net margin of 139.57% and a positive return on equity of 8.85%. On average, research analysts anticipate that Two Harbors Investment Corp will post 0.63 EPS for the current year.
A number of brokerages recently weighed in on TWO. ValuEngine cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Raymond James cut shares of Two Harbors Investment from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 11th. They noted that the move was a valuation call. Maxim Group reiterated a “hold” rating on shares of Two Harbors Investment in a research note on Tuesday, August 11th. JPMorgan Chase & Co. cut shares of Two Harbors Investment from an “overweight” rating to a “neutral” rating and set a $5.50 price target for the company. in a research note on Tuesday, July 28th. Finally, Zacks Investment Research downgraded shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.89.
Two Harbors Investment 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, and hybrid adjustable-rate mortgage (ARMs); 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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