Nuveen LLC Makes New $3.34 Million Investment in Two Harbors Investments Corp $TWO

Key Points

• Nuveen LLC acquired 250,331 shares of Two Harbors Investments Corp, valued at approximately $3.34 million, representing about 0.24% of the company's total stock.
• Two Harbors Investments recently reported a quarterly earnings per share of $0.28, matching consensus estimates, although it also announced a reduction in its quarterly dividend to $0.34 per share.
• Institutional investors currently own approximately 64.19% of Two Harbors Investments, reflecting significant interest from large financial entities.

Nuveen LLC bought a new position in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 250,331 shares of the real estate investment trust's stock, valued at approximately $3,344,000. Nuveen LLC owned 0.24% of Two Harbors Investments as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TWO. Wells Fargo & Company MN grew its holdings in shares of Two Harbors Investments by 30.1% during the 4th quarter. Wells Fargo & Company MN now owns 90,129 shares of the real estate investment trust's stock worth $1,066,000 after acquiring an additional 20,853 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Two Harbors Investments during the 4th quarter worth approximately $172,000. Barclays PLC grew its holdings in shares of Two Harbors Investments by 5.8% during the 4th quarter. Barclays PLC now owns 182,501 shares of the real estate investment trust's stock worth $2,159,000 after acquiring an additional 9,944 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Two Harbors Investments by 4.0% during the 4th quarter. MetLife Investment Management LLC now owns 62,030 shares of the real estate investment trust's stock worth $734,000 after acquiring an additional 2,384 shares during the period. Finally, Two Sigma Securities LLC purchased a new position in shares of Two Harbors Investments during the fourth quarter valued at approximately $250,000. Hedge funds and other institutional investors own 64.19% of the company's stock.

Two Harbors Investments Stock Up 1.3%

Shares of NYSE:TWO traded up $0.13 during trading on Friday, reaching $10.01. 1,068,360 shares of the stock traded hands, compared to its average volume of 2,013,456. The stock has a 50-day moving average of $10.17 and a two-hundred day moving average of $11.47. Two Harbors Investments Corp has a 52-week low of $9.49 and a 52-week high of $14.28. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $1.04 billion, a P/E ratio of -2.81 and a beta of 1.25.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting analysts' consensus estimates of $0.28. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. The firm had revenue of ($18.12) million for the quarter, compared to analysts' expectations of ($23.29) million. As a group, sell-side analysts expect that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.6%. Two Harbors Investments's dividend payout ratio is presently -43.82%.

Insider Buying and Selling at Two Harbors Investments

In other news, CIO Nicholas Letica sold 8,654 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $10.02, for a total transaction of $86,713.08. Following the completion of the transaction, the executive directly owned 160,281 shares of the company's stock, valued at $1,606,015.62. The trade was a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TWO shares. Citizens Jmp reiterated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Royal Bank Of Canada lowered their target price on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a report on Wednesday, May 28th. Maxim Group lowered their target price on shares of Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, July 29th. JMP Securities reiterated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Finally, UBS Group lowered their target price on shares of Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.57.

About Two Harbors Investments

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.