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

Governors Lane LP grew its holdings in shares of Two Harbors Investments Corp (NYSE:TWO) by 225.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,072,123 shares of the real estate investment trust’s stock after buying an additional 742,623 shares during the quarter. Two Harbors Investments accounts for about 1.0% of Governors Lane LP’s investment portfolio, making the stock its 22nd largest holding. Governors Lane LP’s holdings in Two Harbors Investments were worth $13,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Two Harbors Investments in the second quarter valued at $211,685,000. Millennium Management LLC grew its holdings in Two Harbors Investments by 45.3% during the 3rd quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock worth $44,766,000 after acquiring an additional 1,415,062 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Two Harbors Investments by 490.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after purchasing an additional 2,977,196 shares during the last quarter. Invesco Ltd. raised its stake in shares of Two Harbors Investments by 44.5% in the 2nd quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock valued at $28,540,000 after purchasing an additional 815,931 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Two Harbors Investments by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,485,048 shares of the real estate investment trust’s stock valued at $26,098,000 after purchasing an additional 21,212 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

NYSE TWO opened at $12.18 on Wednesday. The company has a 50-day moving average price of $12.10 and a two-hundred day moving average price of $11.66. Two Harbors Investments Corp has a 52 week low of $11.98 and a 52 week 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 company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85.

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, hitting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%.The business had revenue of $247.57 million during the quarter, compared to the consensus estimate of $9.45 million. Analysts forecast that Two Harbors Investments Corp will post 0.89 EPS for the current year.

Two Harbors Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.34 per share. 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 payout ratio is -64.86%.

Analyst Upgrades and Downgrades

TWO has been the subject of a number of research reports. Compass Point reiterated a “neutral” rating and issued a $13.00 price target on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Weiss Ratings raised Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Royal Bank Of Canada lifted their target price on 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. JPMorgan Chase & Co. boosted their price target on Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, July 17th. Finally, BTIG Research reissued a “neutral” rating on shares of Two Harbors Investments in a research report on Wednesday, August 26th. One equities research 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 stock. According to MarketBeat, the stock presently has an average 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.