Two Harbors Investment Corp. (NYSE:TWO) Institutional Ownership Increases by State of Alaska Department of Revenue

State of Alaska Department of Revenue Increases Position in Two Harbors Investment Corp.

The State of Alaska Department of Revenue has recently increased its position in shares of Two Harbors Investment Corp. by 6.2% in the 1st quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The firm now owns 62,871 shares of the real estate investment trust’s stock, worth $832,000 at the end of the reporting period.

Other large investors have also made modifications to their holdings of TWO. Penserra Capital Management LLC boosted its holdings by 9.5% in the 3rd quarter, while Graham Capital Management L.P. and Howard Financial Services LTD. also increased their positions in the company. FNY Investment Advisers LLC and Raymond James Financial Services Advisors Inc. have also recently acquired stakes in Two Harbors Investment.

Wall Street analysts have weighed in on TWO shares, with varying ratings and price targets. JPMorgan Chase & Co. reduced their price target, while UBS Group raised their rating to a “buy.” StockNews.com also upgraded their rating on the stock. Overall, the consensus rating for Two Harbors Investment is “Hold” with a price target of $14.57.

Two Harbors Investment Corp. has a market cap of $1.33 billion and a dividend yield of 14.05%. The company recently announced a quarterly dividend to be paid on July 29th.

Insider activity at Two Harbors Investment has also been notable, with insider Rebecca B. Sandberg selling shares of the company’s stock in May. Corporate insiders currently own 0.61% of the company’s stock.

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights and agency residential mortgage-backed securities in the United States. The company’s target assets include agency RMBS collateralized by various types of mortgage loans.

Overall, Two Harbors Investment Corp. continues to attract attention from investors and analysts alike, with its performance and dividend yield making it a notable player in the real estate investment trust sector.