Catalyst Capital Advisors LLC lowered its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 76.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,600 shares of the real estate investment trust’s stock after selling 27,400 shares during the period. Catalyst Capital Advisors LLC’s holdings in Two Harbors Investment were worth $117,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in TWO. Parallel Advisors LLC boosted its stake in shares of Two Harbors Investment by 39.1% in the 4th quarter. Parallel Advisors LLC now owns 2,797 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 786 shares during the last quarter. Barnett & Company Inc. purchased a new position in shares of Two Harbors Investment in the 1st quarter worth approximately $43,000. Evolution Wealth Advisors LLC purchased a new position in shares of Two Harbors Investment in the 4th quarter worth approximately $51,000. Meeder Asset Management Inc. purchased a new position in shares of Two Harbors Investment in the 4th quarter worth approximately $60,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Two Harbors Investment by 135.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,700 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.
Two Harbors Investment stock opened at $12.91 on Friday. Two Harbors Investment Corp has a 12 month low of $12.63 and a 12 month high of $16.27. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3.52 billion, a P/E ratio of 6.55 and a beta of 0.52.
Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Two Harbors Investment had a positive return on equity of 14.23% and a negative net margin of 35.93%. The business had revenue of $82.00 million for the quarter, compared to the consensus estimate of $84.64 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. Two Harbors Investment’s revenue for the quarter was down 15.8% on a year-over-year basis. On average, analysts predict that Two Harbors Investment Corp will post 1.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Friday, March 29th were paid a $0.47 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.88 annualized dividend and a yield of 14.56%. Two Harbors Investment’s payout ratio is 95.43%.
A number of equities analysts have recently weighed in on TWO shares. ValuEngine upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Maxim Group restated a “buy” rating and issued a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday, February 7th. Credit Suisse Group restated a “hold” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, February 7th. TheStreet downgraded Two Harbors Investment from a “c” rating to a “d+” rating in a research note on Thursday, February 7th. Finally, Barclays set a $15.00 target price on Two Harbors Investment and gave the stock a “buy” rating in a research note on Saturday, February 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.89.
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About Two Harbors Investment
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
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