Harvest Management LLC lowered its position in Two Harbors Investments Corp (NYSE:TWO – Free Report) by 29.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,573 shares of the real estate investment trust’s stock after selling 58,427 shares during the period. Two Harbors Investments accounts for 0.7% of Harvest Management LLC’s portfolio, making the stock its 20th largest holding. Harvest Management LLC owned about 0.13% of Two Harbors Investments worth $1,757,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in Two Harbors Investments in the second quarter valued at about $211,685,000. Balyasny Asset Management L.P. lifted its stake in Two Harbors Investments by 490.7% in the second quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock valued at $38,599,000 after buying an additional 2,977,196 shares in the last quarter. Marshall Wace LLP acquired a new position in Two Harbors Investments in the 4th quarter worth $23,886,000. Bank of America Corp DE acquired a new stake in Two Harbors Investments in the 2nd quarter valued at approximately $24,997,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Two Harbors Investments during the fourth quarter worth $16,523,000. 64.19% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently weighed in on TWO. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. BTIG Research reiterated a “neutral” rating on shares of Two Harbors Investments in a research note on Wednesday. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada lifted their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Finally, Compass Point reissued a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Two Harbors Investments currently has a consensus rating of “Hold” and an average price target of $12.75.
Two Harbors Investments Stock Performance
Shares of TWO stock opened at $12.18 on Friday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -16.46 and a beta of 1.04. The stock has a 50-day moving average of $12.13 and a 200-day moving average of $11.61. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85. Two Harbors Investments Corp has a 1-year low of $11.98 and a 1-year high of $12.19.
Two Harbors Investments (NYSE:TWO – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $247.57 million for the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. On average, equities research analysts forecast that Two Harbors Investments Corp will post 0.89 earnings per share for the current year.
Two Harbors Investments Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.2%. Two Harbors Investments’s payout ratio is -64.86%.
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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