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

Quantinno Capital Management LP increased its holdings in Two Harbors Investments Corp (NYSE:TWO) by 243.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,717 shares of the real estate investment trust’s stock after purchasing an additional 98,987 shares during the quarter. Quantinno Capital Management LP’s holdings in Two Harbors Investments were worth $1,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. UBS Group AG grew its position in shares of Two Harbors Investments by 42.3% during the 4th quarter. UBS Group AG now owns 1,564,418 shares of the real estate investment trust’s stock valued at $16,426,000 after purchasing an additional 464,929 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Two Harbors Investments by 200.0% in the first quarter. Gabelli Funds LLC now owns 150,000 shares of the real estate investment trust’s stock worth $1,713,000 after purchasing an additional 100,000 shares during the period. Credit Industriel ET Commercial purchased a new stake in shares of Two Harbors Investments in the first quarter worth $1,062,000. ABC Arbitrage SA purchased a new stake in shares of Two Harbors Investments in the fourth quarter worth $1,033,000. Finally, Yakira Capital Management Inc. bought a new stake in Two Harbors Investments during the fourth quarter valued at $517,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investments Price Performance

TWO opened at $12.04 on Thursday. The stock has a 50-day moving average price of $12.19 and a 200-day moving average price of $11.63. Two Harbors Investments Corp has a 12-month low of $11.98 and a 12-month high of $12.12. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $1.27 billion, a P/E ratio of -16.27 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $247.57 million for the quarter, compared to analysts’ expectations of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. Equities analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 annualized dividend and a dividend yield of 11.3%. Two Harbors Investments’s dividend payout ratio (DPR) is currently -64.86%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on 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 price target on Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Compass Point reiterated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Weiss Ratings raised Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Finally, Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Two Harbors Investments has an average rating of “Hold” and an average 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.