NINE MASTS CAPITAL Ltd Invests $1.12 Million in Two Harbors Investments Corp $TWO

Key Points

• NINE MASTS CAPITAL Ltd acquired 90,600 shares of Two Harbors Investments, worth approximately $1.12 million and representing about 0.09% of the company.
• Two Harbors reported quarterly EPS of $0.28, matching estimates, and declared a $0.34-per-share quarterly dividend, equivalent to a 11.3% annualized yield.
• Analyst sentiment remains mixed but centers on a “Hold” consensus, with a $12.75 average price target; the stock recently traded near $12.02.

NINE MASTS CAPITAL Ltd acquired a new stake in Two Harbors Investments Corp (NYSE:TWO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 90,600 shares of the real estate investment trust's stock, valued at approximately $1,124,000. NINE MASTS CAPITAL Ltd owned about 0.09% of Two Harbors Investments at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new stake in shares of Two Harbors Investments during the 2nd quarter valued at $36,000. Quarry LP increased its holdings in Two Harbors Investments by 695.6% in the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 2,991 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 981 shares during the last quarter. Advisory Services Network LLC bought a new position in Two Harbors Investments in the third quarter valued at about $42,000. Finally, Ballast Advisors LLC acquired a new stake in shares of Two Harbors Investments during the first quarter valued at about $50,000. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investments Stock Performance

Shares of TWO stock opened at $12.02 on Tuesday. The business's 50 day simple moving average is $12.17 and its 200 day simple moving average is $11.60. Two Harbors Investments Corp has a one year low of $11.98 and a one year high of $12.12. The stock has a market capitalization of $1.26 billion, a PE ratio of -16.24 and a beta of 1.04. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.08 and a quick ratio of 1.08.

Two Harbors Investments (NYSE:TWO - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $9.45 million. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. As a group, research analysts forecast that Two Harbors Investments Corp will post 0.89 earnings per share for the current 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 paid 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 (DPR) is currently -64.86%.

Analyst Ratings Changes

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

About Two Harbors Investments

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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