GABELLI & Co INVESTMENT ADVISERS INC. Increases Stake in Two Harbors Investments Corp $TWO

GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Two Harbors Investments Corp (NYSE:TWO) by 132.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 119,385 shares of the real estate investment trust’s stock after purchasing an additional 68,110 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Two Harbors Investments were worth $1,363,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Quarry LP grew its holdings in shares of Two Harbors Investments by 695.6% in the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 2,991 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Two Harbors Investments by 34.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 981 shares during the last quarter. Advisory Services Network LLC bought a new stake in Two Harbors Investments during the 3rd quarter valued at $42,000. Kemnay Advisory Services Inc. bought a new stake in Two Harbors Investments during the 4th quarter valued at $68,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Two Harbors Investments during the 4th quarter valued at $75,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TWO. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Compass Point reiterated a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. raised their target price on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.75.

Two Harbors Investments Price Performance

TWO opened at $12.11 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06. Two Harbors Investments Corp has a 52-week low of $8.78 and a 52-week high of $14.17. The stock has a market capitalization of $1.27 billion, a PE ratio of -3.17 and a beta of 1.03. The stock’s 50 day moving average price is $12.29 and its 200-day moving average price is $11.67.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%.The company had revenue of $225.08 million during the quarter, compared to analyst estimates of $2.33 million. On average, equities research analysts predict that Two Harbors Investments Corp will post 0.89 EPS for the current year.

Two Harbors Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were issued a $0.34 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.2%. Two Harbors Investments’s dividend payout ratio is -35.60%.

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.