Simplicity Wealth LLC bought a new position in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 168,119 shares of the real estate investment trust's stock, valued at approximately $2,246,000. Simplicity Wealth LLC owned approximately 0.16% of Two Harbors Investment at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC increased its stake in Two Harbors Investment by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Two Harbors Investment in the fourth quarter worth about $40,000. Wolverine Trading LLC lifted its holdings in Two Harbors Investment by 866.3% in 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. lifted its holdings in Two Harbors Investment by 10.0% in the fourth quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock worth $130,000 after purchasing an additional 1,000 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in Two Harbors Investment in the 4th quarter valued at about $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 several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. UBS Group increased their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Royal Bank of Canada dropped their price objective on Two Harbors Investment from $13.00 to $12.00 and set a "sector perform" rating on the stock in a report on Wednesday, May 28th. Wall Street Zen cut Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods upped their target price on Two Harbors Investment from $12.95 to $13.25 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.14.
Check Out Our Latest Stock Report on TWO
Two Harbors Investment Stock Up 0.6%
Shares of NYSE:TWO traded up $0.07 during trading on Thursday, hitting $10.98. 913,466 shares of the company's stock traded hands, compared to its average volume of 1,274,915. Two Harbors Investment Corp. has a 52 week low of $10.16 and a 52 week high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 5.20 and a beta of 1.27. The company has a 50-day moving average price of $11.28 and a 200-day moving average price of $12.13.
Two Harbors Investment (NYSE:TWO - Get Free Report) last announced its quarterly earnings data 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 return on equity of 6.52% and a net margin of 66.24%. The company had revenue of ($20.33) million for the quarter, compared to the consensus estimate of ($28.53) million. As a group, research analysts forecast that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.
Two Harbors Investment Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 16.39%. The ex-dividend date was Friday, April 4th. Two Harbors Investment's dividend payout ratio (DPR) is currently -352.94%.
Two Harbors Investment Profile
(
Free Report)
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.
Featured Articles
Before you consider Two Harbors Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Two Harbors Investment wasn't on the list.
While Two Harbors Investment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
