Redhawk Wealth Advisors Inc. Takes $740,000 Position in Two Harbors Investment Corp. (NYSE:TWO)

Redhawk Wealth Advisors Inc. acquired a new stake in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 55,360 shares of the real estate investment trust's stock, valued at approximately $740,000. Redhawk Wealth Advisors Inc. owned 0.05% of Two Harbors Investment as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Barclays PLC boosted its position in Two Harbors Investment by 346.0% during the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock worth $2,395,000 after purchasing an additional 133,869 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Two Harbors Investment in the 4th quarter valued at about $172,000. Northern Trust Corp raised its stake in shares of Two Harbors Investment by 5.8% in the 4th quarter. Northern Trust Corp now owns 1,181,547 shares of the real estate investment trust's stock valued at $13,978,000 after purchasing an additional 65,194 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Two Harbors Investment by 20.2% during the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust's stock valued at $10,564,000 after buying an additional 149,870 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Two Harbors Investment by 54.6% during the 4th quarter. Deutsche Bank AG now owns 90,474 shares of the real estate investment trust's stock valued at $1,070,000 after buying an additional 31,954 shares during the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Stock Down 1.8%

Shares of Two Harbors Investment stock traded down $0.20 during midday trading on Friday, reaching $10.79. 932,787 shares of the company's stock traded hands, compared to its average volume of 1,276,637. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 5.11 and a beta of 1.27. The company's 50 day simple moving average is $11.28 and its 200 day simple moving average is $12.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment Corp. has a 52 week low of $10.16 and a 52 week high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. The firm had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million. Equities analysts expect that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were given a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 16.69%. Two Harbors Investment's dividend payout ratio is -352.94%.

Analysts Set New Price Targets

Several research analysts have commented on TWO shares. Royal Bank of Canada decreased their target price on shares of Two Harbors Investment from $13.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 28th. UBS Group increased their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Keefe, Bruyette & Woods increased their target price on shares of Two Harbors Investment from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price target on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, JMP Securities reduced their price target on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $13.14.

Two Harbors Investment 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.