SG Americas Securities LLC Takes Position in Two Harbors Investments Corp $TWO

SG Americas Securities LLC purchased a new stake in shares of Two Harbors Investments Corp (NYSE:TWO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 154,353 shares of the real estate investment trust’s stock, valued at approximately $1,621,000. SG Americas Securities LLC owned approximately 0.15% of Two Harbors Investments at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clayton Partners LLC acquired a new stake in shares of Two Harbors Investments during the third quarter valued at about $1,234,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Two Harbors Investments in the third quarter worth about $5,325,000. Simplicity Wealth LLC acquired a new position in shares of Two Harbors Investments in the third quarter worth about $954,000. Algebris UK Ltd. purchased a new position in Two Harbors Investments in the third quarter valued at about $17,558,000. Finally, Public Sector Pension Investment Board boosted its holdings in Two Harbors Investments by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 406,202 shares of the real estate investment trust’s stock valued at $4,009,000 after purchasing an additional 51,520 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Trading Down 1.0%

Shares of NYSE TWO opened at $11.01 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock’s 50 day moving average price is $10.84 and its two-hundred day moving average price is $10.58. Two Harbors Investments Corp has a 52-week low of $8.78 and a 52-week high of $14.17. The stock has a market capitalization of $1.16 billion, a P/E ratio of -2.25 and a beta of 1.08.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $182.18 million during the quarter, compared to analyst estimates of ($15.44) million. Two Harbors Investments had a positive return on equity of 12.00% and a negative net margin of 109.90%. On average, analysts anticipate that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.36 annualized dividend and a yield of 12.4%. Two Harbors Investments’s payout ratio is presently -27.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Zacks Research downgraded Two Harbors Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. UBS Group downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and raised their price target for the stock from $11.00 to $14.00 in a research report on Friday, January 23rd. JPMorgan Chase & Co. dropped their price target on shares of Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Compass Point cut shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a report on Friday, March 27th. Finally, Maxim Group downgraded shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday, December 18th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Two Harbors Investments has an average rating of “Reduce” and an average target price of $12.88.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.