Cambridge Investment Research Advisors Inc. Increases Stock Holdings in Two Harbors Investments Corp (NYSE:TWO)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 109.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,706 shares of the real estate investment trust’s stock after buying an additional 14,507 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Two Harbors Investments were worth $370,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Simplify Asset Management Inc. lifted its position in shares of Two Harbors Investments by 10.0% during the fourth quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 1,000 shares in the last quarter. Sei Investments Co. lifted its position in shares of Two Harbors Investments by 1.3% during the fourth quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust’s stock worth $1,656,000 after purchasing an additional 1,770 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Two Harbors Investments by 4.0% during the fourth quarter. MetLife Investment Management LLC now owns 62,030 shares of the real estate investment trust’s stock worth $734,000 after purchasing an additional 2,384 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Two Harbors Investments by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 2,963 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Two Harbors Investments in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Analysts Set New Price Targets

TWO has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Royal Bank Of Canada lowered their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 28th. Citizens Jmp reiterated a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. JMP Securities reaffirmed a “market perform” rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Finally, UBS Group cut their price target on Two Harbors Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.00.

Two Harbors Investments Stock Down 1.3%

Shares of NYSE:TWO opened at $10.27 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.05 and a current ratio of 1.05. Two Harbors Investments Corp has a 1 year low of $10.16 and a 1 year high of $14.28. The stock has a market capitalization of $1.07 billion, a P/E ratio of -20.14 and a beta of 1.26. The stock has a 50-day simple moving average of $10.99 and a 200-day simple moving average of $11.96.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The company had revenue of ($20.33) million during the quarter, compared to analysts’ expectations of ($28.53) million. Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. Equities analysts forecast that Two Harbors Investments Corp will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 15.19%. The ex-dividend date of this dividend is Thursday, July 3rd. Two Harbors Investments’s dividend payout ratio (DPR) is currently -305.88%.

About Two Harbors Investments

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.