Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 69.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,863 shares of the real estate investment trust’s stock after purchasing an additional 6,927 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Two Harbors Investment were worth $252,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Bank of Montreal Can bought a new position in Two Harbors Investment in the 2nd quarter valued at $135,000. BNP Paribas Arbitrage SA grew its stake in Two Harbors Investment by 99.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 36,866 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 18,357 shares during the period. Commonwealth Equity Services LLC grew its stake in Two Harbors Investment by 12.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 94,564 shares of the real estate investment trust’s stock valued at $1,494,000 after purchasing an additional 10,350 shares during the period. Wells Fargo & Company MN grew its stake in Two Harbors Investment by 110.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,567,952 shares of the real estate investment trust’s stock valued at $24,774,000 after purchasing an additional 821,703 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Two Harbors Investment in the 2nd quarter valued at $2,038,000. 60.51% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on TWO shares. Zacks Investment Research upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. ValuEngine upgraded Two Harbors Investment from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. JMP Securities dropped their price target on Two Harbors Investment from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 15th. Raymond James began coverage on Two Harbors Investment in a research report on Thursday, October 11th. They set an “outperform” rating and a $16.50 price target on the stock. Finally, Barclays set a $17.00 price target on Two Harbors Investment and gave the company a “buy” rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.25.
Shares of NYSE TWO opened at $14.43 on Friday. Two Harbors Investment Corp has a one year low of $13.85 and a one year high of $16.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $3.58 billion, a PE ratio of 7.37 and a beta of 0.31.
Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Two Harbors Investment had a return on equity of 12.09% and a net margin of 66.36%. The firm had revenue of $84.30 million for the quarter, compared to analysts’ expectations of $82.10 million. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, research analysts expect that Two Harbors Investment Corp will post 1.96 EPS for the current fiscal year.
In related news, CEO Thomas Siering acquired 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average price of $14.41 per share, with a total value of $50,435.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brad Farrell sold 4,000 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $14.28, for a total value of $57,120.00. The disclosure for this sale can be found here. 1.41% of the stock is owned by corporate insiders.
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Two Harbors Investment Company Profile
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, hybrid mortgage loans, or derivatives; 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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