NINE MASTS CAPITAL Ltd Makes New Investment in Two Harbors Investments Corp $TWO

NINE MASTS CAPITAL Ltd bought a new stake in Two Harbors Investments Corp (NYSE:TWO) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 90,600 shares of the real estate investment trust’s stock, valued at approximately $2,292,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP boosted its stake in shares of Two Harbors Investments by 695.6% during the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,991 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Two Harbors Investments in the 2nd quarter valued at approximately $36,000. Smartleaf Asset Management LLC increased its stake in Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 981 shares in the last quarter. Advisory Services Network LLC acquired a new position in Two Harbors Investments during the third quarter worth $42,000. Finally, Ballast Advisors LLC acquired a new position in Two Harbors Investments during the first quarter worth $50,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investments Stock Performance

Shares of TWO opened at $12.18 on Monday. 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 stock has a market cap of $1.28 billion, a price-to-earnings ratio of -16.46 and a beta of 1.04. The firm has a 50 day simple moving average of $12.13 and a 200-day simple moving average of $11.61.

Two Harbors Investments (NYSE:TWO) last posted 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. The firm had revenue of $247.57 million for the quarter, compared to analyst estimates of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. Equities analysts forecast that Two Harbors Investments Corp will post 0.89 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on TWO. JPMorgan Chase & Co. boosted their target price on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. BTIG Research reaffirmed a “neutral” rating on shares of Two Harbors Investments in a research note on Wednesday, August 26th. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. 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 report on Monday, July 27th. 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 investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.75.

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.