Penserra Capital Management LLC Acquires 13,850 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Penserra Capital Management LLC boosted its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 16.2% in the third quarter, Holdings Channel reports. The firm owned 99,191 shares of the real estate investment trust’s stock after purchasing an additional 13,850 shares during the quarter. Penserra Capital Management LLC’s holdings in Two Harbors Investment were worth $1,376,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TWO. Vanguard Group Inc. grew its position in Two Harbors Investment by 10.7% in the first quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock valued at $154,997,000 after acquiring an additional 1,135,012 shares during the period. American International Group Inc. grew its holdings in shares of Two Harbors Investment by 5.9% in the 1st quarter. American International Group Inc. now owns 55,991 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 3,105 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Two Harbors Investment by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock worth $1,188,000 after purchasing an additional 5,284 shares in the last quarter. LifePro Asset Management bought a new position in Two Harbors Investment during the 2nd quarter valued at about $2,036,000. Finally, Legacy Financial Strategies LLC acquired a new position in Two Harbors Investment in the second quarter valued at about $170,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Price Performance

Two Harbors Investment stock opened at $11.66 on Wednesday. The business’s 50-day simple moving average is $12.56 and its 200 day simple moving average is $13.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -2.42 and a beta of 1.87. Two Harbors Investment Corp. has a 12-month low of $11.28 and a 12-month high of $14.59.

Two Harbors Investment (NYSE:TWO) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The business had revenue of $112.64 million during the quarter. During the same quarter in the previous year, the business earned ($0.01) earnings per share. As a group, research analysts anticipate that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 15.44%. The ex-dividend date was Tuesday, October 1st. Two Harbors Investment’s payout ratio is -37.34%.

Analysts Set New Price Targets

TWO has been the subject of a number of research analyst reports. StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Compass Point cut their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research report on Monday. Janney Montgomery Scott initiated coverage on Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 target price on the stock. Royal Bank of Canada cut their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.18.

Two Harbors Investment Company Profile

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.