Two Harbors Investments Corp $TWO Shares Acquired by Governors Lane LP

Governors Lane LP increased its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 225.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,072,123 shares of the real estate investment trust’s stock after purchasing an additional 742,623 shares during the quarter. Two Harbors Investments makes up approximately 1.0% of Governors Lane LP’s holdings, making the stock its 22nd largest holding. Governors Lane LP owned 1.02% of Two Harbors Investments worth $13,305,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TWO. BlackRock Inc. acquired a new stake in shares of Two Harbors Investments in the second quarter worth approximately $211,685,000. Balyasny Asset Management L.P. boosted its holdings in 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 acquiring an additional 2,977,196 shares during the last quarter. Marshall Wace LLP purchased a new stake in Two Harbors Investments during the fourth quarter valued at about $23,886,000. Bank of America Corp DE acquired a new stake in Two Harbors Investments during the second quarter worth about $24,997,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Two Harbors Investments during the fourth quarter worth about $16,523,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Stock Performance

Two Harbors Investments stock opened at $12.18 on Wednesday. The stock’s 50 day moving average price is $12.10 and its 200 day moving average price is $11.66. The firm has a market capitalization 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. Two Harbors Investments Corp has a one year low of $11.98 and a one year high of $12.19.

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 (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $247.57 million during the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. As a group, sell-side analysts expect that Two Harbors Investments Corp will post 0.89 EPS for the current fiscal year.

Two Harbors Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were paid 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 yield of 11.2%. Two Harbors Investments’s payout ratio is -64.86%.

Analyst Upgrades and Downgrades

TWO has been the topic of several research analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of Two Harbors Investments in a research note on Wednesday, August 26th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target 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. Finally, Royal Bank Of Canada boosted their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.