GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Two Harbors Investments Corp (NYSE:TWO – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 51,275 shares of the real estate investment trust’s stock, valued at approximately $538,000.
A number of other hedge funds have also bought and sold shares of the company. Millennium Management LLC raised its stake in Two Harbors Investments by 45.3% during the third quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock worth $44,766,000 after buying an additional 1,415,062 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in Two Harbors Investments by 490.7% during the second quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after buying an additional 2,977,196 shares during the last quarter. Invesco Ltd. raised its stake in Two Harbors Investments by 44.5% during the second quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock worth $28,540,000 after buying an additional 815,931 shares during the last quarter. Algebris UK Ltd. bought a new position in Two Harbors Investments during the third quarter worth $17,558,000. Finally, UBS Group AG increased its stake in Two Harbors Investments by 42.3% in the fourth quarter. UBS Group AG now owns 1,564,418 shares of the real estate investment trust’s stock valued at $16,426,000 after purchasing an additional 464,929 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on TWO shares. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. downgraded shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $12.50 to $11.00 in a research note on Thursday, April 16th. UBS Group downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and lifted their price target for the company from $11.00 to $14.00 in a research note on Friday, January 23rd. Zacks Research raised shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Compass Point downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating in a research note on Friday, March 27th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Two Harbors Investments presently has an average rating of “Reduce” and an average target price of $12.25.
Two Harbors Investments Trading Up 0.1%
TWO opened at $12.61 on Monday. The company has a market cap of $1.32 billion, a P/E ratio of -3.30 and a beta of 1.03. The company has a fifty day moving average price of $11.01 and a two-hundred day moving average price of $10.92. Two Harbors Investments Corp has a 1-year low of $8.78 and a 1-year high of $14.17. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.
Two Harbors Investments (NYSE:TWO – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The firm had revenue of $225.08 million during the quarter, compared to analysts’ expectations of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. Analysts predict that Two Harbors Investments Corp will post 0.8 EPS for the current fiscal year.
Two Harbors Investments Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date was Thursday, April 2nd. Two Harbors Investments’s dividend payout ratio (DPR) is currently -35.60%.
Two Harbors Investments Profile
Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.
Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.
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