Jupiter Topco LLC Takes Position in Two Harbors Investments Corp $TWO

Jupiter Topco LLC acquired a new position in shares of Two Harbors Investments Corp (NYSE:TWO) in the 2nd quarter, HoldingsChannel reports. The firm acquired 53,040 shares of the real estate investment trust’s stock, valued at approximately $658,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TWO. Quarry LP raised its holdings in 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 valued at $34,000 after buying an additional 2,991 shares during the period. Global Retirement Partners LLC acquired a new position in Two Harbors Investments in the 2nd quarter valued at about $36,000. Smartleaf Asset Management LLC increased its stake in Two Harbors Investments by 34.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 981 shares during the period. Advisory Services Network LLC purchased a new position in shares of Two Harbors Investments in the third quarter valued at approximately $42,000. Finally, Ballast Advisors LLC purchased a new stake in Two Harbors Investments during the 1st quarter worth approximately $50,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investments Price Performance

Shares of NYSE TWO opened at $12.18 on Monday. 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 Corp has a twelve month low of $11.98 and a twelve month high of $12.19. The stock has a 50 day moving average of $12.11 and a two-hundred day moving average of $11.65. The stock has a market cap of $1.28 billion, a P/E ratio of -16.46 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. The business had revenue of $247.57 million for the quarter, compared to analyst estimates of $9.45 million. On average, research analysts forecast that Two Harbors Investments Corp will post 0.89 earnings per share for the current year.

Two Harbors Investments Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on TWO. Zacks Research raised 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 upped their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Weiss Ratings raised Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Compass Point reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Two Harbors Investments in a report on Tuesday, June 9th. Finally, BTIG Research reiterated a “neutral” rating on shares of Two Harbors Investments in a report on Wednesday, August 26th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.