Delphi Financial Group Inc. reduced its position in Two Harbors Investments Corp (NYSE:TWO) by 24.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,500,812 shares of the real estate investment trust’s stock after selling 1,453,388 shares during the period. Two Harbors Investments Corp comprises about 12.7% of Delphi Financial Group Inc.’s holdings, making the stock its 4th largest position. Delphi Financial Group Inc. owned approximately 1.29% of Two Harbors Investments Corp worth $39,247,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of TWO. Russell Investments Group Ltd. bought a new position in shares of Two Harbors Investments Corp during the fourth quarter worth about $28,407,000. Parametric Portfolio Associates LLC raised its position in shares of Two Harbors Investments Corp by 59.9% in the second quarter. Parametric Portfolio Associates LLC now owns 3,514,996 shares of the real estate investment trust’s stock worth $30,088,000 after buying an additional 1,317,152 shares during the period. Citadel Advisors LLC raised its position in shares of Two Harbors Investments Corp by 126.4% in the third quarter. Citadel Advisors LLC now owns 2,059,973 shares of the real estate investment trust’s stock worth $17,572,000 after buying an additional 1,149,912 shares during the period. BlackRock Fund Advisors raised its position in shares of Two Harbors Investments Corp by 10.2% in the second quarter. BlackRock Fund Advisors now owns 11,249,382 shares of the real estate investment trust’s stock worth $96,295,000 after buying an additional 1,042,096 shares during the period. Finally, Bank of Montreal Can bought a new position in shares of Two Harbors Investments Corp during the second quarter worth about $6,817,000. Institutional investors and hedge funds own 69.55% of the company’s stock.
Shares of Two Harbors Investments Corp (NYSE:TWO) remained flat at $8.72 during midday trading on Wednesday. 591,798 shares of the company’s stock were exchanged. The stock has a market cap of $3.03 billion, a PE ratio of 13.75 and a beta of 0.59. Two Harbors Investments Corp has a one year low of $7.00 and a one year high of $9.18. The firm’s 50-day moving average is $8.89 and its 200 day moving average is $8.68.
Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The company earned $108.51 million during the quarter, compared to analysts’ expectations of $89.40 million. Two Harbors Investments Corp had a net margin of 37.85% and a return on equity of 8.76%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. Analysts predict that Two Harbors Investments Corp will post $0.90 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, December 30th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.01%. The ex-dividend date is Wednesday, December 28th. This is an increase from Two Harbors Investments Corp’s previous quarterly dividend of $0.23. Two Harbors Investments Corp’s dividend payout ratio is presently 184.62%.
A number of brokerages recently issued reports on TWO. Zacks Investment Research lowered shares of Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 11th. Wells Fargo & Company raised shares of Two Harbors Investments Corp from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 3rd. Finally, JMP Securities reaffirmed a “buy” rating on shares of Two Harbors Investments Corp in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $9.54.
In related news, CEO Thomas Siering acquired 3,500 shares of the business’s stock in a transaction dated Tuesday, November 8th. The stock was bought at an average price of $8.48 per share, with a total value of $29,680.00. Following the acquisition, the chief executive officer now owns 865,553 shares in the company, valued at approximately $7,339,889.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.
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