DLD Asset Management LP Acquires New Stake in Two Harbors Investments Corp $TWO

DLD Asset Management LP bought a new position in shares of Two Harbors Investments Corp (NYSE:TWO) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 114,903 shares of the real estate investment trust’s stock, valued at approximately $1,426,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Quarry LP raised its holdings in shares of 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 acquiring an additional 2,991 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Two Harbors Investments during the second quarter worth about $36,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 in the last quarter. Advisory Services Network LLC bought a new position in shares of Two Harbors Investments in the third quarter worth approximately $42,000. Finally, Ballast Advisors LLC bought a new position in shares of Two Harbors Investments in the first quarter worth approximately $50,000. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investments Price Performance

Shares of Two Harbors Investments stock opened at $12.06 on Monday. The firm has a market capitalization of $1.27 billion, a PE ratio of -16.30 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 Corp has a 12 month low of $11.98 and a 12 month high of $12.12. The business’s 50-day moving average price is $12.14 and its 200-day moving average price is $11.59.

Two Harbors Investments (NYSE:TWO) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $247.57 million during the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. Sell-side analysts forecast that Two Harbors Investments Corp will post 0.89 EPS for the current fiscal 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 paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 annualized dividend and a dividend yield of 11.3%. Two Harbors Investments’s dividend payout ratio (DPR) is -64.86%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TWO. 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. Compass Point reissued a “neutral” rating and issued a $13.00 price target on shares of Two Harbors Investments in a report on Tuesday, June 9th. Royal Bank Of Canada increased their price target on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. JPMorgan Chase & Co. lifted their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Two Harbors Investments has an average rating of “Hold” and a consensus price target of $12.75.

Two Harbors Investments 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.