Exchange Traded Concepts LLC Acquires Shares of 57,083 Two Harbors Investments Corp (NYSE:TWO)

Exchange Traded Concepts LLC bought a new position in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,083 shares of the real estate investment trust's stock, valued at approximately $763,000. Exchange Traded Concepts LLC owned 0.05% of Two Harbors Investments at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TWO. Sterling Capital Management LLC lifted its holdings in shares of Two Harbors Investments by 818.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 2,963 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in Two Harbors Investments during the fourth quarter worth approximately $40,000. Wolverine Trading LLC raised its stake in Two Harbors Investments by 866.3% during the fourth quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 9,443 shares during the period. Simplify Asset Management Inc. boosted its holdings in shares of Two Harbors Investments by 10.0% in the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock valued at $130,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of Two Harbors Investments during the 4th quarter valued at $130,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TWO has been the topic of a number of research analyst reports. JMP Securities reduced their target price on Two Harbors Investments from $14.00 to $13.50 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods lifted their price objective on Two Harbors Investments from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Wall Street Zen cut Two Harbors Investments from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. UBS Group raised their price target on shares of Two Harbors Investments from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Royal Bank Of Canada decreased their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Two Harbors Investments presently has a consensus rating of "Hold" and a consensus target price of $13.14.

Two Harbors Investments Stock Up 1.2%

Shares of NYSE TWO traded up $0.13 during trading on Tuesday, reaching $10.50. 1,896,650 shares of the stock were exchanged, compared to its average volume of 1,303,297. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -20.58 and a beta of 1.28. The business's 50-day moving average price is $11.24 and its 200 day moving average price is $12.08. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. Two Harbors Investments Corp has a twelve month low of $10.16 and a twelve month high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The firm had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million. Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. As a group, equities analysts forecast that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 14.86%. Two Harbors Investments's dividend payout ratio (DPR) is presently -352.94%.

Two Harbors Investments 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.