PVG Asset Management Corp Sells 108,857 Shares of Two Harbors Investments Corp (NYSE:TWO)

PVG Asset Management Corp trimmed its stake in Two Harbors Investments Corp (NYSE:TWO) by 43.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,392 shares of the real estate investment trust’s stock after selling 108,857 shares during the period. PVG Asset Management Corp’s holdings in Two Harbors Investments Corp were worth $1,391,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Two Harbors Investments Corp by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 28,500,232 shares of the real estate investment trust’s stock worth $282,437,000 after acquiring an additional 329,603 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Two Harbors Investments Corp by 110.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,908,716 shares of the real estate investment trust’s stock worth $58,555,000 after acquiring an additional 3,099,465 shares in the last quarter. State Street Corp raised its position in shares of Two Harbors Investments Corp by 4.3% in the 2nd quarter. State Street Corp now owns 5,254,781 shares of the real estate investment trust’s stock worth $52,078,000 after acquiring an additional 217,529 shares in the last quarter. UBS Group AG increased its position in Two Harbors Investments Corp by 0.4% during the 1st quarter. UBS Group AG now owns 3,562,131 shares of the real estate investment trust’s stock valued at $34,161,000 after buying an additional 12,683 shares in the last quarter. Finally, Northern Trust Corp increased its position in Two Harbors Investments Corp by 1.7% during the 2nd quarter. Northern Trust Corp now owns 3,404,884 shares of the real estate investment trust’s stock valued at $33,742,000 after buying an additional 57,605 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts recently issued reports on the company. Maxim Group reaffirmed a “buy” rating and set a $10.25 target price on shares of Two Harbors Investments Corp in a research report on Tuesday, August 8th. Zacks Investment Research lowered Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Credit Suisse Group reaffirmed a “buy” rating and set a $10.00 target price on shares of Two Harbors Investments Corp in a research report on Thursday, August 10th. Finally, BidaskClub raised Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.95.

In other news, Director Brian Taylor bought 32,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $10.06 per share, for a total transaction of $321,920.00. Following the acquisition, the director now directly owns 51,865 shares of the company’s stock, valued at approximately $521,761.90. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Two Harbors Investment Corp. bought 3,472 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was purchased at an average price of $18.96 per share, for a total transaction of $65,829.12. The disclosure for this purchase can be found here. Insiders have bought a total of 147,018 shares of company stock worth $2,459,893 in the last 90 days. 1.16% of the stock is owned by insiders.

Shares of Two Harbors Investments Corp (TWO) traded up 0.346% during mid-day trading on Tuesday, hitting $10.155. The stock had a trading volume of 722,853 shares. Two Harbors Investments Corp has a 52-week low of $8.20 and a 52-week high of $10.54. The firm has a market cap of $3.54 billion, a PE ratio of 6.624 and a beta of 0.58. The firm has a 50 day moving average price of $10.11 and a 200 day moving average price of $10.00. Shares of Two Harbors Investments Corp are scheduled to reverse split on Thursday, November 2nd. The 1-2 reverse split was announced on Thursday, September 14th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 1st.

Two Harbors Investments Corp (NYSE:TWO) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $117.79 million for the quarter, compared to the consensus estimate of $123.04 million. Two Harbors Investments Corp had a net margin of 72.15% and a return on equity of 10.26%. Two Harbors Investments Corp’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. Equities analysts predict that Two Harbors Investments Corp will post $1.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.28%. Two Harbors Investments Corp’s dividend payout ratio is currently 72.73%.

Two Harbors Investments Corp Profile

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), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

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

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