Van ECK Associates Corp Purchases 278,666 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Van ECK Associates Corp grew its position in Two Harbors Investment Corp. (NYSE:TWO) by 48.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 857,246 shares of the real estate investment trust’s stock after acquiring an additional 278,666 shares during the period. Van ECK Associates Corp owned about 0.83% of Two Harbors Investment worth $11,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Two Harbors Investment by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock worth $154,997,000 after purchasing an additional 1,135,012 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Two Harbors Investment by 1.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,250,149 shares of the real estate investment trust’s stock worth $69,512,000 after purchasing an additional 99,577 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Two Harbors Investment by 0.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,238,329 shares of the real estate investment trust’s stock valued at $31,180,000 after buying an additional 11,279 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Two Harbors Investment by 155.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock valued at $18,516,000 after buying an additional 801,837 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Two Harbors Investment by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,268,379 shares of the real estate investment trust’s stock valued at $17,669,000 after buying an additional 31,457 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Analyst Upgrades and Downgrades

TWO has been the subject of several analyst reports. JMP Securities restated a “market outperform” rating and issued a $15.00 target price on shares of Two Harbors Investment in a research report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their target price on shares of Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. UBS Group upgraded shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.50 to $14.50 in a research report on Friday, June 7th. Finally, Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a “buy” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Two Harbors Investment has a consensus rating of “Hold” and an average target price of $14.90.

Two Harbors Investment Stock Performance

TWO opened at $14.16 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. The company’s fifty day moving average price is $13.48 and its two-hundred day moving average price is $13.00. Two Harbors Investment Corp. has a 1-year low of $9.83 and a 1-year high of $14.59. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 7.96 and a beta of 1.86.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. The company had revenue of $115.95 million during the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same quarter in the prior year, the company earned ($0.04) EPS. On average, analysts expect that Two Harbors Investment Corp. will post 0.46 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Friday, July 5th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, July 5th. This represents a $1.80 dividend on an annualized basis and a yield of 12.71%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 101.12%.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.