831,450 Shares in Two Harbors Investments Corp $TWO Acquired by Man Group plc

Man Group plc acquired a new stake in shares of Two Harbors Investments Corp (NYSE:TWO) during the 2nd quarter, according to the company in its most recent disclosure 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.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its position in shares of Two Harbors Investments by 243.0% in the first quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust’s stock valued at $1,596,000 after acquiring an additional 98,987 shares in the last quarter. UBS Group AG raised its stake in Two Harbors Investments by 42.3% in 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 during the last quarter. Gabelli Funds LLC boosted its stake in shares of Two Harbors Investments by 200.0% during the 1st 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 last quarter. BlackRock Inc. purchased a new stake in shares of Two Harbors Investments during the second quarter worth about $211,685,000. Finally, NINE MASTS CAPITAL Ltd acquired a new position in shares of Two Harbors Investments in the second quarter valued at approximately $1,124,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TWO has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Compass Point reiterated a “neutral” rating and issued a $13.00 price target on shares of Two Harbors Investments in a report on Tuesday, June 9th. Royal Bank Of Canada increased their price target on 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. BTIG Research restated a “neutral” rating on shares of Two Harbors Investments in a report on Wednesday. Finally, Weiss Ratings raised shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.75.

Two Harbors Investments Price Performance

Shares of Two Harbors Investments stock opened at $12.18 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.08 and a quick ratio of 1.08. Two Harbors Investments Corp has a 1-year low of $11.98 and a 1-year high of $12.19. The business’s fifty day moving average price is $12.13 and its two-hundred day moving average price is $11.61. The company has a market capitalization of $1.28 billion, a P/E ratio of -16.46 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $247.57 million during 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%. As a group, research analysts forecast that Two Harbors Investments Corp will post 0.89 EPS for the current year.

Two Harbors Investments Announces Dividend

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

Two Harbors Investments Company 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.