HighTower Advisors LLC Takes $184,000 Position in Two Harbors Investments Corp $TWO

HighTower Advisors LLC purchased a new position in Two Harbors Investments Corp (NYSE:TWO) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,780 shares of the real estate investment trust’s stock, valued at approximately $184,000.

A number of other hedge funds also recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its stake in Two Harbors Investments by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 328,814 shares of the real estate investment trust’s stock worth $4,393,000 after purchasing an additional 70,584 shares in the last quarter. Nuveen LLC bought a new position in Two Harbors Investments in the 1st quarter worth about $3,344,000. Entropy Technologies LP bought a new position in Two Harbors Investments in the 1st quarter worth about $381,000. AXS Investments LLC boosted its stake in Two Harbors Investments by 3.0% in the 1st quarter. AXS Investments LLC now owns 114,116 shares of the real estate investment trust’s stock worth $1,525,000 after purchasing an additional 3,276 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Two Harbors Investments by 95.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,615 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 6,658 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Analysts Set New Price Targets

TWO has been the topic of a number of analyst reports. UBS Group dropped their price target on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank Of Canada dropped their price target 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. Citizens Jmp reiterated a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. JMP Securities reissued a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Finally, Maxim Group decreased their target price on 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. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.43.

Insider Activity at Two Harbors Investments

In other news, CIO Nicholas Letica sold 8,654 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $10.02, for a total transaction of $86,713.08. Following the completion of the sale, the executive owned 160,281 shares of the company’s stock, valued at $1,606,015.62. This represents a 5.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by insiders.

Two Harbors Investments Price Performance

NYSE TWO opened at $10.41 on Friday. Two Harbors Investments Corp has a 52 week low of $9.49 and a 52 week high of $14.28. The firm has a market capitalization of $1.08 billion, a P/E ratio of -2.92 and a beta of 1.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $10.14 and a 200-day moving average price of $11.39.

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, meeting the consensus estimate of $0.28. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. The firm had revenue of ($18.12) million during the quarter, compared to analyst estimates of ($23.29) million. Equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.36 annualized dividend and a dividend yield of 13.1%. 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.