Thornburg Investment Management Inc. Decreases Stake in Two Harbors Investments Corp (TWO)

Thornburg Investment Management Inc. reduced its stake in Two Harbors Investments Corp (NYSE:TWO) by 9.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,670,020 shares of the real estate investment trust’s stock after selling 2,291,515 shares during the period. Two Harbors Investments Corp accounts for about 1.5% of Thornburg Investment Management Inc.’s portfolio, making the stock its 15th largest position. Thornburg Investment Management Inc. owned 6.23% of Two Harbors Investments Corp worth $188,963,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ausdal Financial Partners Inc. boosted its position in shares of Two Harbors Investments Corp by 0.6% in the second quarter. Ausdal Financial Partners Inc. now owns 84,873 shares of the real estate investment trust’s stock valued at $727,000 after buying an additional 474 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in shares of Two Harbors Investments Corp by 6.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,198 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 800 shares during the last quarter. Camelot Portfolios LLC boosted its position in Two Harbors Investments Corp by 0.8% in the third quarter. Camelot Portfolios LLC now owns 188,067 shares of the real estate investment trust’s stock worth $1,604,000 after buying an additional 1,544 shares during the last quarter. Wedbush Securities Inc. boosted its position in Two Harbors Investments Corp by 10.8% in the third quarter. Wedbush Securities Inc. now owns 16,772 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 1,637 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Two Harbors Investments Corp by 11.5% in the second quarter. IFP Advisors Inc now owns 22,438 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 2,316 shares during the last quarter. 70.02% of the stock is currently owned by institutional investors and hedge funds.

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

Two Harbors Investments Corp (NYSE:TWO) traded up 0.11% during mid-day trading on Monday, reaching $8.94. The company’s stock had a trading volume of 1,668,084 shares. The company has a market cap of $3.11 billion, a PE ratio of 8.81 and a beta of 0.56. Two Harbors Investments Corp has a 12-month low of $7.10 and a 12-month high of $9.18. The firm’s 50 day moving average is $8.81 and its 200-day moving average is $8.69.

Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings data on Monday, February 6th. The real estate investment trust reported $0.24 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.24. Two Harbors Investments Corp had a return on equity of 9.19% and a net margin of 55.77%. The business earned $112.87 million during the quarter, compared to analysts’ expectations of $104.14 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was up 16.3% on a year-over-year basis. Equities analysts anticipate that Two Harbors Investments Corp will post $0.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 27th. Stockholders of record on Friday, December 30th were paid a $0.24 dividend. The ex-dividend date was Wednesday, December 28th. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.74%. Two Harbors Investments Corp’s payout ratio is presently 105.49%.

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A number of research analysts have recently weighed in on TWO shares. JMP Securities reaffirmed a “buy” rating on shares of Two Harbors Investments Corp in a research report on Thursday, November 3rd. Zacks Investment Research raised Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research report on Tuesday, October 25th. FBR & Co reaffirmed a “hold” rating and set a $9.00 price objective on shares of Two Harbors Investments Corp in a research report on Wednesday, February 8th. Finally, Wells Fargo & Company raised Two Harbors Investments Corp from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.54.

In related news, insider Mary Kathryn Riskey sold 3,190 shares of Two Harbors Investments Corp stock in a transaction on Monday, January 30th. The stock was sold at an average price of $8.61, for a total value of $27,465.90. Following the completion of the transaction, the insider now directly owns 56,229 shares in the company, valued at $484,131.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brad Farrell sold 28,901 shares of Two Harbors Investments Corp stock in a transaction on Monday, January 30th. The shares were sold at an average price of $8.58, for a total value of $247,970.58. Following the completion of the transaction, the chief financial officer now owns 446,327 shares of the company’s stock, valued at $3,829,485.66. The disclosure for this sale can be found here. Insiders sold 65,696 shares of company stock valued at $569,368 over the last ninety days. Insiders own 0.96% of the company’s stock.

About Two Harbors Investments Corp

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), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. The Company’s target asset classes include Agency RMBS collateralized by fixed rate mortgage loans, adjustable-rate mortgage (ARM) loans or hybrid mortgage loans, including mortgage pass-through certificates, collateralized mortgage obligations, the Federal Home Loan Mortgage Corporation gold certificates, the Federal National Mortgage Association certificates, the Government National Mortgage Association (Ginnie Mae) certificates, to-be-announced forward contracts, and interest-only and inverse interest-only securities; Non-Agency RMBS, including both senior and mezzanine RMBS, and floating and fixed rate commercial real estate loans.

5 Day Chart for NYSE:TWO

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