Two Harbors Investments Corp $TWO Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 95.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,615 shares of the real estate investment trust’s stock after acquiring an additional 6,658 shares during the period. PNC Financial Services Group Inc.’s holdings in Two Harbors Investments were worth $182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CWM LLC lifted its position in shares of Two Harbors Investments by 68.4% during the 1st 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 during the period. Montag A & Associates Inc. lifted its position in shares of Two Harbors Investments by 29.2% during the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,193 shares during the period. Motiv8 Investments LLC lifted its position in shares of Two Harbors Investments by 10.9% during the 1st quarter. Motiv8 Investments LLC now owns 12,142 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 1,194 shares during the period. MetLife Investment Management LLC lifted its position in shares of Two Harbors Investments by 4.0% during the 4th quarter. MetLife Investment Management LLC now owns 62,030 shares of the real estate investment trust’s stock valued at $734,000 after acquiring an additional 2,384 shares during the period. Finally, Sterling Capital Management LLC lifted its position in shares of Two Harbors Investments by 818.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 2,963 shares during the period. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investments Stock Performance

NYSE:TWO opened at $10.08 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -2.83 and a beta of 1.25. The firm’s fifty day simple moving average is $10.35 and its 200 day simple moving average is $11.67. Two Harbors Investments Corp has a twelve month low of $9.67 and a twelve month high of $14.28.

Two Harbors Investments (NYSE:TWO) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The business 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 research analysts expect that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Cuts Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 15.5%. Two Harbors Investments’s payout ratio is presently -43.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TWO. Maxim Group dropped their price objective on shares of Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, July 29th. 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 for the company in a research note on Wednesday, May 28th. Wall Street Zen cut shares of Two Harbors Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. JMP Securities reaffirmed a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.57.

Two Harbors Investments 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.