XTX Topco Ltd Purchases New Shares in Two Harbors Investments Corp (NYSE:TWO)

Key Points

• XTX Topco Ltd has invested approximately $1.27 million in Two Harbors Investments Corp by acquiring 94,865 shares, representing about 0.09% of the company's stock.
• Several institutional investors, including Vanguard Group and LPL Financial, have also increased their positions in Two Harbors, contributing to a total of 64.19% stock ownership by institutional investors.
• Equities analysts have issued mixed ratings for Two Harbors, with a consensus rating of "Hold" and an average price target of $12.88, reflecting concerns over recent stock performance and dividend adjustments.

XTX Topco Ltd acquired a new position in Two Harbors Investments Corp (NYSE:TWO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 94,865 shares of the real estate investment trust's stock, valued at approximately $1,267,000. XTX Topco Ltd owned approximately 0.09% of Two Harbors Investments at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its position in shares of Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 890 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Two Harbors Investments by 818.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,963 shares during the last quarter. Montag A & Associates Inc. raised its position in shares of Two Harbors Investments by 29.2% in the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 1,193 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Two Harbors Investments in the 1st quarter worth about $140,000. Finally, Wolverine Trading LLC raised its position in shares of Two Harbors Investments by 866.3% in the 4th 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 last quarter. Institutional investors own 64.19% of the company's stock.

Two Harbors Investments Stock Performance

Shares of NYSE:TWO traded up $0.05 during mid-day trading on Tuesday, reaching $10.03. 942,340 shares of the company traded hands, compared to its average volume of 1,678,353. The company's 50 day moving average price is $10.48 and its 200-day moving average price is $11.79. The firm has a market cap of $1.04 billion, a PE ratio of -2.82 and a beta of 1.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.07 and a quick ratio of 1.07. Two Harbors Investments Corp has a 52 week low of $9.67 and a 52 week high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. The company had revenue of ($18.12) million during the quarter, compared to the consensus estimate 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 expect that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 15.6%. Two Harbors Investments's payout ratio is currently -43.82%.

Analysts Set New Price Targets

TWO has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Two Harbors Investments from $12.95 to $13.25 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Maxim Group decreased their target price on Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, July 29th. JMP Securities reissued a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Finally, UBS Group decreased their target price on Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $12.88.

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.