Simplicity Wealth LLC bought a new position in shares of Two Harbors Investments Corp (NYSE:TWO – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 42,791 shares of the real estate investment trust’s stock, valued at approximately $531,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 981 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Two Harbors Investments by 11.1% during the 2nd quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 1,309 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Two Harbors Investments by 12.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,317 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 1,663 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Two Harbors Investments by 37.8% in the 2nd quarter. GAMMA Investing LLC now owns 7,162 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 1,964 shares in the last quarter. Finally, APS Management Group Inc. grew its position in shares of Two Harbors Investments by 7.8% in the 4th quarter. APS Management Group Inc. now owns 29,832 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 2,151 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.
Two Harbors Investments Price Performance
TWO stock opened at $12.02 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $1.26 billion, a P/E ratio of -16.24 and a beta of 1.04. The business has a 50 day simple moving average of $12.17 and a 200-day simple moving average of $11.60. Two Harbors Investments Corp has a twelve month low of $11.98 and a twelve month high of $12.12.
Two Harbors Investments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio (DPR) is presently -64.86%.
Wall Street Analysts Forecast Growth
TWO has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Compass Point reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Two Harbors Investments in a report on Tuesday, June 9th. Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada lifted their target price on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.75.
View Our Latest Analysis on TWO
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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