Deutsche Bank AG Makes New Investment in Two Harbors Investments Corp $TWO

Deutsche Bank AG bought a new stake in Two Harbors Investments Corp (NYSE:TWO - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 113,455 shares of the real estate investment trust's stock, valued at approximately $1,408,000. Deutsche Bank AG owned 0.11% of Two Harbors Investments as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP lifted its position in Two Harbors Investments by 695.6% during the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 2,991 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Two Harbors Investments in the second quarter valued at approximately $36,000. Smartleaf Asset Management LLC increased its holdings in shares of Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 981 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Two Harbors Investments during the third quarter worth approximately $42,000. Finally, Ballast Advisors LLC purchased a new stake in shares of Two Harbors Investments during the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 64.19% of the company's stock.

Two Harbors Investments Price Performance

TWO opened at $12.18 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85. The firm has a market cap of $1.28 billion, a P/E ratio of -16.46 and a beta of 1.04. Two Harbors Investments Corp has a 52 week low of $11.98 and a 52 week high of $12.19. The business's fifty day simple moving average is $12.13 and its 200 day simple moving average is $11.61.

Two Harbors Investments (NYSE:TWO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business 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%. As a group, equities research analysts anticipate that Two Harbors Investments Corp will post 0.89 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date was Thursday, July 2nd. Two Harbors Investments's dividend payout ratio is presently -64.86%.

Analysts Set New Price Targets

TWO has been the subject of several recent analyst reports. Royal Bank Of Canada raised their price target 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. BTIG Research reaffirmed a "neutral" rating on shares of Two Harbors Investments in a report on Wednesday. Zacks Research upgraded Two Harbors Investments from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 21st. Weiss Ratings raised Two Harbors Investments from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Finally, Compass Point restated a "neutral" rating and set a $13.00 target price on shares of Two Harbors Investments in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Two Harbors Investments presently has an average rating of "Hold" and an average price target of $12.75.

About Two Harbors Investments

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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