Two Harbors Investments Corp $TWO Shares Purchased by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its Two Harbors Investments stake by 243% in the first quarter, holding 139,717 shares valued at approximately $1.6 million. Institutional investors and hedge funds collectively own 64.19% of the stock.
• Two Harbors reported quarterly EPS of $0.28, in line with analyst expectations, and revenue of $247.57 million. Analysts expect full-year EPS of $0.89.
• The company paid a quarterly dividend of $0.34 per share, equivalent to an annualized $1.36 dividend and an 11.3% yield. Despite some upgrades, the stock carries a consensus “Hold” rating with a $12.75 target price.

Quantinno Capital Management LP raised its position in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) by 243.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,717 shares of the real estate investment trust's stock after acquiring an additional 98,987 shares during the period. Quantinno Capital Management LP owned approximately 0.13% of Two Harbors Investments worth $1,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TWO. Smartleaf Asset Management LLC raised 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 worth $40,000 after purchasing an additional 981 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Two Harbors Investments by 11.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,391 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 1,261 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Two Harbors Investments by 11.1% during the 2nd quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 1,309 shares during the period. Janney Montgomery Scott LLC increased its position in Two Harbors Investments by 12.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,317 shares of the real estate investment trust's stock worth $161,000 after purchasing an additional 1,663 shares in the last quarter. Finally, APS Management Group Inc. increased its position in Two Harbors Investments by 7.8% during the 4th quarter. APS Management Group Inc. now owns 29,832 shares of the real estate investment trust's stock worth $313,000 after purchasing an additional 2,151 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investments Stock Performance

NYSE:TWO opened at $12.04 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a 50-day moving average of $12.19 and a two-hundred day moving average of $11.63. The stock has a market cap of $1.27 billion, a P/E ratio of -16.27 and a beta of 1.04. Two Harbors Investments Corp has a 1-year low of $11.98 and a 1-year high of $12.12.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. The company had revenue of $247.57 million for the quarter, compared to the consensus estimate of $9.45 million. On average, research analysts expect that Two Harbors Investments Corp will post 0.89 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.3%. Two Harbors Investments's dividend payout ratio is -64.86%.

Analyst Upgrades and Downgrades

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