DLD Asset Management LP Acquires New Stake in Two Harbors Investments Corp $TWO

DLD Asset Management LP acquired a new stake in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 114,903 shares of the real estate investment trust's stock, valued at approximately $1,426,000. DLD Asset Management LP owned 0.11% of Two Harbors Investments at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TWO. Quarry LP lifted its position in shares of 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 valued at $34,000 after buying an additional 2,991 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Two Harbors Investments in the 2nd quarter worth about $36,000. Smartleaf Asset Management LLC increased its holdings in Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 981 shares during the last quarter. Advisory Services Network LLC bought a new stake in Two Harbors Investments in the 3rd quarter valued at about $42,000. Finally, Ballast Advisors LLC bought a new stake in Two Harbors Investments in the 1st quarter valued at about $50,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on TWO. Royal Bank Of Canada increased their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock a "sector perform" rating in a research report on Monday, July 27th. Compass Point reissued a "neutral" rating and issued a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Weiss Ratings upgraded shares of Two Harbors Investments from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an "underweight" rating in a report on Friday, July 17th. Finally, Zacks Research upgraded shares of Two Harbors Investments from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.75.

Two Harbors Investments Stock Up 0.1%

Shares of NYSE TWO opened at $12.06 on Monday. 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 company has a market cap of $1.27 billion, a P/E ratio of -16.30 and a beta of 1.04. Two Harbors Investments Corp has a 52 week low of $11.98 and a 52 week high of $12.12. The business has a 50-day simple moving average of $12.14 and a two-hundred day simple moving average of $11.59.

Two Harbors Investments (NYSE:TWO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%.The firm had revenue of $247.57 million for the quarter, compared to analysts' expectations of $9.45 million. Research analysts anticipate that Two Harbors Investments Corp will post 0.89 earnings per share for the current fiscal year.

Two Harbors Investments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors 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 yield of 11.3%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments's dividend payout ratio is -64.86%.

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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