Glazer Capital LLC Buys Shares of 963,745 Two Harbors Investments Corp $TWO

Key Points

• Glazer Capital LLC acquired 963,745 shares of Two Harbors Investments, valued at approximately $11.96 million, giving it a 0.92% stake. Institutional investors collectively own 64.19% of the company.
• Analyst sentiment remains mixed but generally cautious: the stock carries a consensus “Hold” rating and a $12.75 price target, despite Zacks upgrading it to “Strong Buy.”
• Two Harbors reported quarterly EPS of $0.28, matching expectations, and maintains a quarterly dividend of $0.34 per share—equivalent to a 11.2% annualized yield.

Glazer Capital LLC purchased a new stake in Two Harbors Investments Corp (NYSE:TWO - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 963,745 shares of the real estate investment trust's stock, valued at approximately $11,960,000. Glazer Capital LLC owned 0.92% of Two Harbors Investments at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TWO. Global Retirement Partners LLC purchased a new position in Two Harbors Investments in the second quarter valued at about $36,000. Quarry LP lifted its position in shares of Two Harbors Investments by 695.6% during the third 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. Smartleaf Asset Management LLC boosted its holdings in shares of 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 valued at $40,000 after buying an additional 981 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Two Harbors Investments during the 3rd quarter worth approximately $42,000. Finally, Ballast Advisors LLC purchased a new stake in Two Harbors Investments during the first quarter valued at approximately $50,000. 64.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Two Harbors Investments Price Performance

Two Harbors Investments stock opened at $12.18 on Friday. The business's 50-day simple moving average is $12.13 and its two-hundred day simple moving average is $11.60. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $1.28 billion, a PE ratio of -16.46 and a beta of 1.04. Two Harbors Investments Corp has a fifty-two week low of $11.98 and a fifty-two week high of $12.19.

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, hitting the consensus estimate of $0.28. The firm had revenue of $247.57 million during the quarter, compared to analysts' expectations of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. Equities analysts anticipate that Two Harbors Investments Corp will post 0.89 EPS for the current year.

Two Harbors Investments Dividend Announcement

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

Two Harbors Investments 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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