Montag A & Associates Inc. Purchases 23,668 Shares of Two Harbors Investments Corp $TWO

Montag A & Associates Inc. boosted its position in Two Harbors Investments Corp (NYSE:TWO) by 447.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,953 shares of the real estate investment trust’s stock after buying an additional 23,668 shares during the period. Montag A & Associates Inc.’s holdings in Two Harbors Investments were worth $312,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. CWM LLC raised its position in shares of Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 890 shares in the last quarter. Triumph Capital Management grew its stake in Two Harbors Investments by 6.0% during the second quarter. Triumph Capital Management now owns 26,725 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 1,512 shares during the period. Allworth Financial LP grew its stake in Two Harbors Investments by 25.0% during the second quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 1,651 shares during the period. Golden State Equity Partners increased its holdings in Two Harbors Investments by 2.0% in the second quarter. Golden State Equity Partners now owns 84,941 shares of the real estate investment trust’s stock worth $915,000 after purchasing an additional 1,665 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in Two Harbors Investments by 240.4% in the second quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 2,380 shares during the period. Institutional investors own 64.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. raised their price objective on Two Harbors Investments from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Wall Street Zen upgraded Two Harbors Investments from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Two Harbors Investments in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.36.

Insider Transactions at Two Harbors Investments

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of Two Harbors Investments stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $10.02, for a total transaction of $86,713.08. Following the transaction, the executive owned 160,281 shares of the company’s stock, valued at $1,606,015.62. This trade represents a 5.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Two Harbors Investments Trading Down 0.4%

Shares of Two Harbors Investments stock opened at $9.71 on Thursday. The company has a market capitalization of $1.01 billion, a P/E ratio of -3.88 and a beta of 1.30. The stock has a fifty day simple moving average of $9.84 and a 200 day simple moving average of $10.36. Two Harbors Investments Corp has a 12-month low of $9.30 and a 12-month high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.13.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The business had revenue of ($23.50) million for the quarter. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%. On average, sell-side analysts anticipate that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Friday, October 3rd were issued a dividend of $0.34 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.36 annualized dividend and a yield of 14.0%. Two Harbors Investments’s payout ratio is -54.40%.

About Two Harbors Investments

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.