Illinois Municipal Retirement Fund Purchases New Position in Two Harbors Investment Corp. (NYSE:TWO)

Illinois Municipal Retirement Fund acquired a new stake in Two Harbors Investment Corp. (NYSE:TWO) during the 4th quarter, Holdings Channel.com reports. The fund acquired 57,783 shares of the real estate investment trust’s stock, valued at approximately $805,000.

Other institutional investors have also added to or reduced their stakes in the company. Teamwork Financial Advisors LLC raised its holdings in shares of Two Harbors Investment by 7.0% during the third quarter. Teamwork Financial Advisors LLC now owns 15,786 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 1,034 shares during the last quarter. AE Wealth Management LLC raised its stake in Two Harbors Investment by 7.0% during the 3rd quarter. AE Wealth Management LLC now owns 17,020 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 1,113 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Two Harbors Investment by 38.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 1,652 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Two Harbors Investment by 5.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 36,564 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 1,872 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Two Harbors Investment by 1.0% in the third quarter. Swiss National Bank now owns 212,488 shares of the real estate investment trust’s stock worth $2,813,000 after acquiring an additional 2,000 shares during the period. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Two Harbors Investment

In other news, CEO William Ross Greenberg sold 7,170 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following the completion of the transaction, the chief executive officer now owns 264,079 shares of the company’s stock, valued at $3,248,171.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Mary Kathryn Riskey sold 2,150 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $26,445.00. Following the completion of the transaction, the chief financial officer now directly owns 83,605 shares of the company’s stock, valued at $1,028,341.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Ross Greenberg sold 7,170 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $88,191.00. Following the completion of the sale, the chief executive officer now owns 264,079 shares in the company, valued at approximately $3,248,171.70. The disclosure for this sale can be found here. Insiders have sold a total of 13,752 shares of company stock valued at $169,150 over the last ninety days. 0.61% of the stock is currently owned by company insiders.

Two Harbors Investment Price Performance

Shares of NYSE TWO opened at $12.61 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.48. Two Harbors Investment Corp. has a 1 year low of $9.83 and a 1 year high of $14.59. The firm has a fifty day moving average price of $12.63 and a 200-day moving average price of $12.95.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 14.27%. Two Harbors Investment’s payout ratio is presently -90.00%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TWO. JMP Securities reissued a “market outperform” rating and issued a $15.00 target price on shares of Two Harbors Investment in a report on Thursday, April 18th. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. TheStreet cut shares of Two Harbors Investment from a “c-” rating to a “d” rating in a report on Tuesday, January 30th. Jonestrading assumed coverage on shares of Two Harbors Investment in a research note on Friday, March 22nd. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.50.

Two Harbors Investment 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.