Polar Asset Management Partners Inc. Acquires Shares of 333,060 Two Harbors Investments Corp $TWO

Polar Asset Management Partners Inc. purchased a new stake in Two Harbors Investments Corp (NYSE:TWO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 333,060 shares of the real estate investment trust’s stock, valued at approximately $4,133,000.

Several other institutional investors have also made changes to their positions in the stock. AQR Capital Management LLC acquired a new stake in Two Harbors Investments during the first quarter worth approximately $344,000. Millennium Management LLC raised its holdings in Two Harbors Investments by 10.6% in the 1st quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock valued at $16,119,000 after acquiring an additional 115,698 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Two Harbors Investments by 24.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 144,670 shares of the real estate investment trust’s stock valued at $1,933,000 after acquiring an additional 28,535 shares during the period. Intech Investment Management LLC lifted its position in shares of Two Harbors Investments by 54.4% during the 1st quarter. Intech Investment Management LLC now owns 91,847 shares of the real estate investment trust’s stock valued at $1,227,000 after acquiring an additional 32,361 shares during the period. Finally, Norges Bank acquired a new stake in shares of Two Harbors Investments during the 2nd quarter worth $955,000. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investments Price Performance

Shares of TWO opened at $12.18 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 1.08. Two Harbors Investments Corp has a 52 week low of $11.98 and a 52 week high of $12.19. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -16.46 and a beta of 1.04. The stock has a fifty day moving average of $12.14 and a 200-day moving average of $11.59.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%.The business had revenue of $247.57 million for the quarter, compared to analyst estimates of $9.45 million. As a group, sell-side analysts anticipate that Two Harbors Investments Corp will post 0.89 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio (DPR) is presently -64.86%.

Analysts Set New Price Targets

A number of brokerages recently commented on TWO. Royal Bank Of Canada raised their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, July 17th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Compass Point restated a “neutral” rating and issued a $13.00 target price on shares of Two Harbors Investments in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.75.

Two Harbors Investments Profile

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.