Mirae Asset Global Investments Co. Ltd. increased its holdings in Two Harbors Investment Corp. (NYSE:TWO – Get Rating) by 23.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,433,901 shares of the real estate investment trust’s stock after purchasing an additional 846,198 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 1.29% of Two Harbors Investment worth $24,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of TWO. GPS Wealth Strategies Group LLC bought a new stake in shares of Two Harbors Investment in the first quarter worth about $39,000. ML & R Wealth Management LLC bought a new stake in Two Harbors Investment during the 1st quarter valued at approximately $55,000. Satovsky Asset Management LLC bought a new stake in Two Harbors Investment during the 1st quarter valued at approximately $55,000. Sequoia Financial Advisors LLC bought a new stake in Two Harbors Investment during the 1st quarter valued at approximately $58,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Two Harbors Investment during the 1st quarter valued at approximately $65,000. 63.99% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, JMP Securities reaffirmed a “buy” rating and set a $5.50 price objective on shares of Two Harbors Investment in a research report on Wednesday, July 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Two Harbors Investment has an average rating of “Hold” and an average target price of $5.65.
Two Harbors Investment Price Performance
Two Harbors Investment Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Tuesday, July 5th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, July 1st. This represents a $0.68 dividend on an annualized basis and a yield of 14.14%. Two Harbors Investment’s payout ratio is currently 113.33%.
Two Harbors Investment 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, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.
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