Gabelli Funds LLC Purchases Shares of 50,000 Two Harbors Investments Corp $TWO

Gabelli Funds LLC purchased a new stake in Two Harbors Investments Corp (NYSE:TWO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 50,000 shares of the real estate investment trust’s stock, valued at approximately $525,000.

Other large investors also recently made changes to their positions in the company. Quarry LP increased its stake 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 valued at $34,000 after purchasing an additional 2,991 shares during the period. Advisory Services Network LLC acquired a new position in shares of Two Harbors Investments during the third quarter valued at approximately $42,000. KBC Group NV increased its stake in shares of Two Harbors Investments by 117.2% during the fourth quarter. KBC Group NV now owns 7,794 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 4,206 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Two Harbors Investments by 62.0% during the third quarter. PNC Financial Services Group Inc. now owns 7,890 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 3,019 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Two Harbors Investments during the third quarter valued at approximately $107,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Trading Up 0.1%

Shares of NYSE:TWO opened at $12.52 on Friday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -3.28 and a beta of 1.03. Two Harbors Investments Corp has a 1-year low of $8.78 and a 1-year high of $14.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $11.31 and a 200 day moving average price of $11.01.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The firm had revenue of $225.08 million during the quarter, compared to analysts’ expectations of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. On average, research analysts anticipate that Two Harbors Investments Corp will post 0.8 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 10.9%. Two Harbors Investments’s dividend payout ratio (DPR) is currently -35.60%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TWO. Zacks Research upgraded shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. lowered shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $12.50 to $11.00 in a research note on Thursday, April 16th. Compass Point lowered shares of Two Harbors Investments from a “buy” rating to a “neutral” rating in a research note on Friday, March 27th. Finally, Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $12.25.

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.