Invesco Ltd. Lowers Position in Two Harbors Investments Corp $TWO

Key Points

• Invesco Ltd. has reduced its stake in Two Harbors Investments by 14.9%, selling 320,711 shares and holding approximately 1.76% of the company, valued at $24.5 million.
• Despite the reduction, other institutions like CWM LLC and Sterling Capital Management have significantly increased their holdings in the company, with some increases exceeding 800% in certain cases.
• Two Harbors Investments announced a quarterly dividend of $0.39 per share, amounting to an annualized yield of 15.4%, although the company has a negative dividend payout ratio of -43.82%.

Invesco Ltd. lessened its holdings in Two Harbors Investments Corp (NYSE:TWO - Free Report) by 14.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,834,046 shares of the real estate investment trust's stock after selling 320,711 shares during the period. Invesco Ltd. owned about 1.76% of Two Harbors Investments worth $24,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWO. Millennium Management LLC grew its holdings in shares of Two Harbors Investments by 1,052.4% during the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust's stock worth $12,905,000 after purchasing an additional 996,188 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Two Harbors Investments by 19.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,313,837 shares of the real estate investment trust's stock worth $27,373,000 after purchasing an additional 371,436 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of Two Harbors Investments during the first quarter worth about $2,246,000. Ameriprise Financial Inc. grew its holdings in shares of Two Harbors Investments by 13.6% during the fourth 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. Finally, XTX Topco Ltd bought a new stake in shares of Two Harbors Investments during the first quarter worth about $1,267,000. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investments Trading Up 0.6%

Shares of Two Harbors Investments stock traded up $0.06 during midday trading on Tuesday, reaching $9.87. The company had a trading volume of 1,602,079 shares, compared to its average volume of 2,286,093. The stock has a fifty day moving average price of $10.22 and a 200 day moving average price of $11.53. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $1.03 billion, a PE ratio of -2.77 and a beta of 1.25. Two Harbors Investments Corp has a fifty-two week low of $9.49 and a fifty-two week high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. The company had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. On average, equities analysts anticipate that Two Harbors Investments Corp will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 3rd will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.36 annualized dividend and a yield of 13.8%. Two Harbors Investments's payout ratio is -43.82%.

Insider Transactions at Two Harbors Investments

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $10.02, for a total value of $86,713.08. Following the transaction, the executive directly owned 160,281 shares of the company's stock, valued at approximately $1,606,015.62. The trade was a 5.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TWO. Keefe, Bruyette & Woods boosted their price target on Two Harbors Investments from $12.95 to $13.25 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Citizens Jmp restated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Wall Street Zen cut Two Harbors Investments from a "hold" rating to a "sell" rating in a 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 on the stock in a research note on Tuesday, July 29th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $12.57.

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.