Public Sector Pension Investment Board Purchases 70,584 Shares of Two Harbors Investments Corp $TWO

Public Sector Pension Investment Board increased its position in Two Harbors Investments Corp (NYSE:TWO - Free Report) by 27.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 328,814 shares of the real estate investment trust's stock after purchasing an additional 70,584 shares during the period. Public Sector Pension Investment Board owned about 0.32% of Two Harbors Investments worth $4,393,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in Two Harbors Investments by 1,052.4% during the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust's stock valued at $12,905,000 after buying an additional 996,188 shares during the period. Balyasny Asset Management L.P. grew its stake in Two Harbors Investments by 19.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust's stock valued at $27,373,000 after acquiring an additional 371,436 shares in the last quarter. Nuveen LLC acquired a new position in shares of Two Harbors Investments in the 1st quarter valued at about $3,344,000. Simplicity Wealth LLC purchased a new stake in shares of Two Harbors Investments in the first quarter worth approximately $2,246,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Two Harbors Investments by 13.6% in the fourth quarter. Ameriprise Financial Inc. now owns 1,371,702 shares of the real estate investment trust's stock worth $16,227,000 after purchasing an additional 164,452 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TWO has been the topic of a number of research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Wall Street Zen cut shares of Two Harbors Investments from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Royal Bank Of Canada reduced their price objective on Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 28th. Keefe, Bruyette & Woods boosted their target price on Two Harbors Investments from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Finally, UBS Group dropped their target price on Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, July 10th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.57.

Insider Buying and Selling

In related news, CIO Nicholas Letica sold 8,654 shares of Two Harbors Investments stock in a transaction on Monday, August 18th. The shares were sold at an average price of $10.02, for a total value of $86,713.08. Following the transaction, the executive owned 160,281 shares in the company, valued at $1,606,015.62. This trade represents a 5.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by company insiders.

Two Harbors Investments Stock Up 3.2%

Shares of Two Harbors Investments stock traded up $0.3040 during midday trading on Friday, reaching $9.8740. 1,068,479 shares of the company's stock traded hands, compared to its average volume of 1,700,958. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -2.77 and a beta of 1.25. The company's 50 day simple moving average is $10.27 and its 200 day simple moving average is $11.60. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investments Corp has a 52 week low of $9.49 and a 52 week high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. The business had revenue of ($18.12) million for the quarter, compared to the consensus estimate of ($23.29) million. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. Equities analysts expect that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 3rd will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 13.8%. The ex-dividend date is Friday, October 3rd. Two Harbors Investments's dividend payout ratio (DPR) is -43.82%.

Two Harbors Investments Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.