Janney Montgomery Scott LLC increased its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 128.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,440 shares of the real estate investment trust’s stock after buying an additional 22,702 shares during the period. Janney Montgomery Scott LLC’s holdings in Two Harbors Investment were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of TWO. Icon Wealth Partners LLC purchased a new stake in shares of Two Harbors Investment in the first quarter valued at $41,000. Barnett & Company Inc. purchased a new position in shares of Two Harbors Investment in the 1st quarter worth about $43,000. Advisory Services Network LLC raised its holdings in shares of Two Harbors Investment by 1,900.0% in the 1st quarter. Advisory Services Network LLC now owns 4,000 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 3,800 shares during the period. Signaturefd LLC lifted its stake in shares of Two Harbors Investment by 31.8% in the 1st quarter. Signaturefd LLC now owns 5,335 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 1,288 shares in the last quarter. Finally, CENTRAL TRUST Co grew its holdings in shares of Two Harbors Investment by 300.7% during the 2nd quarter. CENTRAL TRUST Co now owns 6,663 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 5,000 shares during the period. 63.19% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on TWO shares. Maxim Group reissued a “buy” rating and issued a $15.00 price objective on shares of Two Harbors Investment in a research report on Thursday, August 8th. Nomura set a $14.00 target price on Two Harbors Investment and gave the company a “hold” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price target on shares of Two Harbors Investment from $14.50 to $13.50 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. ValuEngine raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. Finally, Raymond James set a $15.00 price objective on Two Harbors Investment and gave the company a “buy” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Two Harbors Investment presently has a consensus rating of “Hold” and a consensus price target of $14.81.
Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). The firm had revenue of $68.59 million during the quarter, compared to the consensus estimate of $63.20 million. Two Harbors Investment had a positive return on equity of 13.49% and a negative net margin of 57.33%. During the same period in the prior year, the firm posted $0.49 EPS. As a group, research analysts anticipate that Two Harbors Investment Corp will post 1.64 EPS for the current year.
In other news, Director Karen Hammond acquired 5,600 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average price of $13.30 per share, for a total transaction of $74,480.00. Following the completion of the acquisition, the director now owns 47,262 shares of the company’s stock, valued at approximately $628,584.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Siering bought 5,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $13.11 per share, with a total value of $65,550.00. The disclosure for this purchase can be found here. 0.86% of the stock is owned by corporate insiders.
About Two Harbors Investment
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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