Cetera Investment Advisers Acquires 4,434 Shares of Two Harbors Investments Corp (NYSE:TWO)

Cetera Investment Advisers lifted its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 10.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,415 shares of the real estate investment trust’s stock after purchasing an additional 4,434 shares during the quarter. Cetera Investment Advisers’ holdings in Two Harbors Investments were worth $607,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Two Harbors Investments by 68.4% in the first quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 890 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Two Harbors Investments by 818.5% in the 4th 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 during the period. Montag A & Associates Inc. lifted its stake in Two Harbors Investments by 29.2% in the first quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 1,193 shares during the last quarter. Wolverine Trading LLC grew its holdings 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 valued at $122,000 after purchasing an additional 9,443 shares during the period. Finally, Motiv8 Investments LLC grew its holdings 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 valued at $162,000 after purchasing an additional 1,194 shares during the period. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on TWO. JMP Securities reaffirmed a “market perform” rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Wall Street Zen downgraded shares of Two Harbors Investments from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Maxim Group reduced their price target on shares of Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, July 29th. UBS Group dropped their target price on shares of Two Harbors Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada decreased their price objective on Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 28th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.88.

Two Harbors Investments Price Performance

Shares of Two Harbors Investments stock opened at $10.08 on Friday. The firm has a market cap of $1.05 billion, a PE ratio of -2.83 and a beta of 1.25. The company’s fifty day simple moving average is $10.35 and its two-hundred day simple moving average is $11.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. Two Harbors Investments Corp has a 12-month low of $9.67 and a 12-month high of $14.28.

Two Harbors Investments (NYSE:TWO) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The firm 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%. As a group, equities analysts expect that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Thursday, July 3rd were paid a $0.39 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 15.5%. Two Harbors Investments’s 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.