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 stake in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 250,331 shares of the real estate investment trust's stock, valued at approximately $3,344,000. Nuveen LLC owned approximately 0.24% of Two Harbors Investments at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Balyasny Asset Management L.P. boosted its position in shares of Two Harbors Investments by 19.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust's stock worth $27,373,000 after purchasing an additional 371,436 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Two Harbors Investments by 13.6% during the 4th quarter. Ameriprise Financial Inc. now owns 1,371,702 shares of the real estate investment trust's stock valued at $16,227,000 after buying an additional 164,452 shares during the last quarter. Northern Trust Corp raised its stake in shares of Two Harbors Investments by 5.8% during the 4th quarter. Northern Trust Corp now owns 1,181,547 shares of the real estate investment trust's stock valued at $13,978,000 after buying an additional 65,194 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Two Harbors Investments by 8.4% during the 4th quarter. Bank of America Corp DE now owns 1,170,339 shares of the real estate investment trust's stock valued at $13,845,000 after buying an additional 90,875 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Two Harbors Investments by 1,052.4% in the 4th quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust's stock valued at $12,905,000 after purchasing an additional 996,188 shares in the last quarter. Institutional investors own 64.19% of the company's stock.

Two Harbors Investments Price Performance

Shares of Two Harbors Investments stock traded down $0.11 on Tuesday, hitting $9.90. 1,639,338 shares of the company were exchanged, compared to its average volume of 1,838,963. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -2.78 and a beta of 1.28. The company has a 50-day moving average price of $10.15 and a 200 day moving average price of $11.42. Two Harbors Investments Corp has a 1-year low of $9.49 and a 1-year high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The business had revenue of ($18.12) million for the quarter, compared to analysts' expectations of ($23.29) million. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. As a group, sell-side analysts predict 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 given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 13.7%. The ex-dividend date of this dividend is Friday, October 3rd. Two Harbors Investments's payout ratio is presently -43.82%.

Insider Buying and Selling

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $10.02, for a total transaction of $86,713.08. Following the transaction, the executive directly owned 160,281 shares in the company, valued at $1,606,015.62. This represents 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. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

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