Y Intercept Hong Kong Ltd Invests $265,000 in Two Harbors Investments Corp (NYSE:TWO)

Y Intercept Hong Kong Ltd acquired a new position in shares of Two Harbors Investments Corp (NYSE:TWO) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,849 shares of the real estate investment trust’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Two Harbors Investments during the fourth quarter worth approximately $172,000. Sei Investments Co. lifted its stake in 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 during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Two Harbors Investments during the fourth quarter worth approximately $284,000. LPL Financial LLC lifted its stake in Two Harbors Investments by 18.8% during the fourth quarter. LPL Financial LLC now owns 117,994 shares of the real estate investment trust’s stock worth $1,396,000 after purchasing an additional 18,682 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Two Harbors Investments by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 11,490,101 shares of the real estate investment trust’s stock valued at $135,928,000 after buying an additional 329,762 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TWO. Royal Bank Of Canada reduced their price objective on Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 28th. Wall Street Zen cut Two Harbors Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. UBS Group reduced their price objective on Two Harbors Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, July 10th. Keefe, Bruyette & Woods boosted their price objective on Two Harbors Investments from $12.95 to $13.25 and gave the company a “market perform” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price objective on Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Two Harbors Investments has a consensus rating of “Hold” and an average target price of $12.88.

Two Harbors Investments Price Performance

Two Harbors Investments stock opened at $9.94 on Thursday. Two Harbors Investments Corp has a 12 month low of $9.76 and a 12 month high of $14.28. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.07 and a quick ratio of 1.05. The business has a 50 day simple moving average of $10.55 and a 200-day simple moving average of $11.82. The stock has a market capitalization of $1.03 billion, a PE ratio of -2.79 and a beta of 1.26.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. The business had revenue of ($18.12) million during the quarter, compared to analysts’ expectations of ($23.29) million. Equities analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 15.69%. The ex-dividend date was Thursday, July 3rd. Two Harbors Investments’s dividend payout ratio is presently -43.82%.

Two Harbors Investments Company Profile

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.