Bank of Montreal Can raised its position in Two Harbors Investment Corp (NYSE:TWO) by 1,436.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,131 shares of the real estate investment trust’s stock after acquiring an additional 28,170 shares during the period. Bank of Montreal Can’s holdings in Two Harbors Investment were worth $143,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Two Harbors Investment by 387.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 8,256,170 shares of the real estate investment trust’s stock valued at $41,611,000 after acquiring an additional 6,561,145 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Two Harbors Investment by 42.3% in the 1st quarter. Wells Fargo & Company MN now owns 4,282,014 shares of the real estate investment trust’s stock valued at $16,314,000 after acquiring an additional 1,273,524 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Two Harbors Investment by 16.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,123,568 shares of the real estate investment trust’s stock worth $11,901,000 after buying an additional 433,748 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Two Harbors Investment by 225.1% in the 1st quarter. Nuveen Asset Management LLC now owns 2,960,453 shares of the real estate investment trust’s stock worth $11,279,000 after buying an additional 2,049,771 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Two Harbors Investment by 147.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 2,260,335 shares of the real estate investment trust’s stock worth $8,612,000 after buying an additional 1,345,611 shares in the last quarter. 61.62% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut Two Harbors Investment from an “overweight” rating to a “neutral” rating and set a $5.50 target price for the company. in a report on Tuesday, July 28th. Maxim Group reissued a “hold” rating on shares of Two Harbors Investment in a report on Tuesday, August 11th. Raymond James cut Two Harbors Investment from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 11th. They noted that the move was a valuation call. Zacks Investment Research cut Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Friday, July 31st. Finally, ValuEngine cut Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Two Harbors Investment presently has an average rating of “Hold” and a consensus price target of $9.89.
NYSE TWO opened at $5.10 on Friday. The firm has a market cap of $1.40 billion, a PE ratio of -0.82 and a beta of 1.61. Two Harbors Investment Corp has a one year low of $2.25 and a one year high of $15.85. The stock’s 50 day simple moving average is $5.41 and its 200 day simple moving average is $5.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.14 and a quick ratio of 1.14.
Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.18). Two Harbors Investment had a positive return on equity of 8.85% and a negative net margin of 139.57%. As a group, equities analysts expect that Two Harbors Investment Corp will post 0.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 1st will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a yield of 10.98%. Two Harbors Investment’s payout ratio is 40.88%.
Two Harbors Investment Company Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
See Also: Net Margin
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