Man Group plc Takes Position in Two Harbors Investments Corp $TWO

Man Group plc acquired a new stake in shares of Two Harbors Investments Corp (NYSE:TWO) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 831,450 shares of the real estate investment trust’s stock, valued at approximately $10,318,000. Man Group plc owned 0.79% of Two Harbors Investments at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Two Harbors Investments during the 2nd quarter valued at $211,685,000. Millennium Management LLC raised its stake in shares of Two Harbors Investments by 45.3% in the 3rd quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock worth $44,766,000 after buying an additional 1,415,062 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Two Harbors Investments by 490.7% in the second quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock valued at $38,599,000 after buying an additional 2,977,196 shares during the period. Invesco Ltd. lifted its holdings in shares of Two Harbors Investments by 44.5% in the second quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock valued at $28,540,000 after buying an additional 815,931 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Two Harbors Investments by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,485,048 shares of the real estate investment trust’s stock valued at $26,098,000 after buying an additional 21,212 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investments Price Performance

Two Harbors Investments stock opened at $12.18 on Friday. The firm has a market cap of $1.28 billion, a PE ratio of -16.46 and a beta of 1.04. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50 day moving average price is $12.13 and its two-hundred day moving average price is $11.61. Two Harbors Investments Corp has a twelve month low of $11.98 and a twelve month high of $12.19.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analyst estimates of $9.45 million. On average, research analysts predict that Two Harbors Investments Corp will post 0.89 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

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

Analyst Ratings Changes

TWO has been the topic of several research reports. Royal Bank Of Canada boosted their price target on shares of 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. JPMorgan Chase & Co. raised their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. Compass Point reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.