Entropy Technologies LP Purchases Shares of 28,487 Two Harbors Investments Corp $TWO

Key Points

• Entropy Technologies LP acquired 28,487 shares of Two Harbors Investments Corp in Q1, valued at approximately $381,000, indicating growing interest from institutional investors in this real estate investment trust.
• Two Harbors Investments announced a cut in its dividend, reporting a quarterly payout of $0.39 per share, resulting in a dividend yield of 15.2% with a negative payout ratio of -43.82%.
• Despite a recent stock price increase of 2.6%, the company's earnings report showed a negative net margin of 67.06% and revenue below analysts' expectations, reflecting ongoing challenges for the firm.

Entropy Technologies LP acquired a new stake in Two Harbors Investments Corp (NYSE:TWO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,487 shares of the real estate investment trust's stock, valued at approximately $381,000.

A number of other institutional investors have also made changes to their positions in TWO. Millennium Management LLC raised 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 acquiring an additional 996,188 shares in the last quarter. Invesco Ltd. raised its stake in shares of Two Harbors Investments by 28.6% in the 4th quarter. Invesco Ltd. now owns 2,154,757 shares of the real estate investment trust's stock valued at $25,491,000 after acquiring an additional 478,958 shares in the last quarter. Balyasny Asset Management L.P. raised its stake 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 valued at $27,373,000 after acquiring an additional 371,436 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of Two Harbors Investments during the 1st quarter worth about $2,246,000. Finally, Ameriprise Financial Inc. lifted its position 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 worth $16,227,000 after purchasing an additional 164,452 shares during the last quarter. 64.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TWO shares. Royal Bank Of Canada cut their price objective on Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 28th. JMP Securities reissued a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Wall Street Zen cut Two Harbors Investments from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Maxim Group cut their price objective on Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, July 29th. Finally, UBS Group cut their price objective on Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Two Harbors Investments has a consensus rating of "Hold" and a consensus target price of $12.57.

Two Harbors Investments Stock Performance

Shares of NYSE:TWO traded down $0.02 during trading on Monday, hitting $10.08. 464,260 shares of the stock were exchanged, compared to its average volume of 1,677,289. Two Harbors Investments Corp has a 1-year low of $9.67 and a 1-year high of $14.28. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -2.83 and a beta of 1.25. The company's fifty day simple moving average is $10.35 and its 200-day simple moving average is $11.67. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.07.

Two Harbors Investments (NYSE:TWO - Get Free Report) last announced its quarterly earnings data 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. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. The company had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. Sell-side analysts expect that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.56 annualized dividend and a yield of 15.5%. Two Harbors Investments's payout ratio is currently -43.82%.

Two Harbors Investments Company Profile

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.