Balyasny Asset Management L.P. Raises Position in Two Harbors Investment Corp. (NYSE:TWO)

Balyasny Asset Management L.P. grew its stake in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,313,837 shares of the real estate investment trust's stock after purchasing an additional 371,436 shares during the period. Balyasny Asset Management L.P. owned approximately 2.23% of Two Harbors Investment worth $27,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in Two Harbors Investment by 346.0% during the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock valued at $2,395,000 after purchasing an additional 133,869 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Two Harbors Investment by 20.2% in the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust's stock worth $10,564,000 after acquiring an additional 149,870 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Two Harbors Investment by 97.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust's stock worth $687,000 after acquiring an additional 28,607 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Two Harbors Investment by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust's stock worth $3,583,000 after acquiring an additional 3,391 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Two Harbors Investment by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust's stock worth $64,158,000 after acquiring an additional 69,725 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investment Stock Performance

Shares of NYSE:TWO traded up $0.29 during midday trading on Monday, reaching $12.05. The company had a trading volume of 448,881 shares, compared to its average volume of 1,205,235. The company's 50 day moving average price is $12.35 and its 200 day moving average price is $12.23. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.25 billion, a P/E ratio of 5.71 and a beta of 1.33. Two Harbors Investment Corp. has a 52-week low of $10.16 and a 52-week high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. The company had revenue of ($20.33) million for the quarter, compared to analysts' expectations of ($28.53) million. As a group, sell-side analysts anticipate that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 14.94%. Two Harbors Investment's payout ratio is currently -352.94%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TWO. Keefe, Bruyette & Woods upped their target price on shares of Two Harbors Investment from $12.95 to $13.25 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. UBS Group upped their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. JMP Securities lowered their target price on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. StockNews.com lowered shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Two Harbors Investment has an average rating of "Hold" and an average target price of $13.29.

About Two Harbors Investment

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.