Louisiana State Employees Retirement System purchased a new position in shares of Two Harbors Investments Corp (NYSE:TWO – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor purchased 46,500 shares of the real estate investment trust’s stock, valued at approximately $531,000.
Several other hedge funds also recently modified their holdings of TWO. SG Americas Securities LLC bought a new position in Two Harbors Investments during the fourth quarter worth $1,621,000. UBS Group AG boosted its holdings in Two Harbors Investments by 42.3% in the 4th 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 during the period. ABC Arbitrage SA acquired a new stake in Two Harbors Investments in the 4th quarter worth $1,033,000. Gabelli Funds LLC acquired a new stake in Two Harbors Investments in the 4th quarter worth $525,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Two Harbors Investments during the 4th quarter worth about $538,000. 64.19% of the stock is owned by institutional investors.
Two Harbors Investments Stock Performance
NYSE:TWO opened at $12.07 on Wednesday. The firm has a market capitalization of $1.27 billion, a PE ratio of -3.16 and a beta of 1.03. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. Two Harbors Investments Corp has a 12-month low of $8.78 and a 12-month high of $14.17. The firm has a 50-day moving average price of $12.30 and a 200 day moving average price of $11.57.
Two Harbors Investments Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 11.3%. The ex-dividend date is Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio (DPR) is -35.60%.
Analyst Upgrades and Downgrades
TWO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $12.50 to $11.00 in a research report on Thursday, April 16th. Compass Point restated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Zacks Research raised Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Weiss Ratings upgraded Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Four 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, the stock presently has a consensus rating of “Reduce” and an average price target of $12.50.
Get Our Latest Stock Analysis on Two Harbors Investments
Two Harbors Investments Company 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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