Public Sector Pension Investment Board Has $4.39 Million Stake in Two Harbors Investments Corp $TWO

Public Sector Pension Investment Board raised its holdings in Two Harbors Investments Corp (NYSE:TWO - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 328,814 shares of the real estate investment trust's stock after purchasing an additional 70,584 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.32% of Two Harbors Investments worth $4,393,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TWO. CWM LLC raised its position in Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 890 shares during the last quarter. Sterling Capital Management LLC raised its position in Two Harbors Investments by 818.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 2,963 shares during the last quarter. Montag A & Associates Inc. raised its position in Two Harbors Investments by 29.2% in the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 1,193 shares during the last quarter. Wolverine Trading LLC raised its position in Two Harbors Investments by 866.3% in the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 9,443 shares during the last quarter. Finally, Federated Hermes Inc. bought a new position in Two Harbors Investments in the 1st quarter valued at $140,000. Institutional investors own 64.19% of the company's stock.

Wall Street Analyst Weigh In

TWO has been the subject of several research reports. Maxim Group lowered their target price on Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. JMP Securities restated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. 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. Wall Street Zen lowered Two Harbors Investments from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Finally, Citizens Jmp restated a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $12.57.

Insider Buying and Selling at Two Harbors Investments

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $10.02, for a total value of $86,713.08. Following the sale, the executive owned 160,281 shares of the company's stock, valued at approximately $1,606,015.62. This trade represents a 5.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company's stock.

Two Harbors Investments Price Performance

NYSE:TWO traded down $0.5650 during trading hours on Thursday, reaching $9.5650. 5,765,019 shares of the company were exchanged, compared to its average volume of 1,698,625. The company has a market capitalization of $996.02 million, a P/E ratio of -2.69 and a beta of 1.25. Two Harbors Investments Corp has a 1-year low of $9.49 and a 1-year high of $14.28. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day moving average of $10.30 and a 200 day moving average of $11.63.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting 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 positive return on equity of 9.39% and a negative net margin of 67.06%. Research analysts forecast that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Thursday, July 3rd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date of this dividend was Thursday, July 3rd. Two Harbors Investments's dividend payout ratio (DPR) is currently -43.82%.

About Two Harbors Investments

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.