Federated Hermes Inc. Takes $140,000 Position in Two Harbors Investments Corp (NYSE:TWO)

Federated Hermes Inc. bought a new stake in Two Harbors Investments Corp (NYSE:TWO) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,445 shares of the real estate investment trust’s stock, valued at approximately $140,000.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in shares of Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 890 shares in the last quarter. Sterling Capital Management LLC raised its stake in 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 acquiring an additional 2,963 shares during the period. Montag A & Associates Inc. raised its stake in Two Harbors Investments by 29.2% during the first quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 1,193 shares during the period. Wolverine Trading LLC raised its stake in Two Harbors Investments by 866.3% during the fourth quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 9,443 shares during the period. Finally, Motiv8 Investments LLC raised its stake in Two Harbors Investments by 10.9% during the first quarter. Motiv8 Investments LLC now owns 12,142 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 1,194 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

Shares of NYSE:TWO opened at $9.87 on Monday. The firm’s 50 day moving average is $10.40 and its two-hundred day moving average is $11.74. Two Harbors Investments Corp has a 52 week low of $9.67 and a 52 week high of $14.28. The firm has a market capitalization of $1.03 billion, a P/E ratio of -2.77 and a beta of 1.25. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The company had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. Analysts anticipate that Two Harbors Investments Corp will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Thursday, July 3rd were issued a $0.39 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 15.8%. Two Harbors Investments’s dividend payout ratio (DPR) is -43.82%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, July 10th. Maxim Group dropped their price objective on shares of Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods increased their price objective on shares of Two Harbors Investments from $12.95 to $13.25 and gave the stock a “market perform” rating in a research note on Wednesday, April 30th. Royal Bank Of Canada dropped 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 note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Two Harbors Investments from $12.50 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.88.

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.