93,000 Shares in Two Harbors Investments Corp $TWO Bought by Credit Industriel ET Commercial

Credit Industriel ET Commercial acquired a new position in Two Harbors Investments Corp (NYSE:TWO) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 93,000 shares of the real estate investment trust’s stock, valued at approximately $1,062,000.

A number of other large investors have also added to or reduced their stakes in the company. Quarry LP lifted its position in shares of Two Harbors Investments by 695.6% in the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 2,991 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 981 shares in the last quarter. Advisory Services Network LLC purchased a new position in Two Harbors Investments in the third quarter worth about $42,000. Kemnay Advisory Services Inc. purchased a new stake in Two Harbors Investments during the 4th quarter valued at $68,000. Finally, Los Angeles Capital Management LLC bought a new stake in Two Harbors Investments in the 4th quarter worth about $75,000. Institutional investors own 64.19% of the company’s stock.

Analyst Upgrades and Downgrades

TWO has been the subject of a number of research reports. Compass Point reiterated a “neutral” rating and set a $13.00 price objective on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Zacks Research upgraded shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. cut shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $12.50 to $11.00 in a research note on Thursday, April 16th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $12.50.

Two Harbors Investments Price Performance

TWO stock opened at $12.06 on Tuesday. Two Harbors Investments Corp has a 52 week low of $8.78 and a 52 week high of $14.17. The firm has a market capitalization of $1.27 billion, a P/E ratio of -3.16 and a beta of 1.03. The company has a fifty day simple moving average of $12.27 and a two-hundred day simple moving average of $11.56. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $225.08 million for the quarter, compared to analysts’ expectations of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. Analysts anticipate that Two Harbors Investments Corp will post 0.8 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 11.3%. The ex-dividend date is Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio is currently -35.60%.

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.