Caxton Associates LLP Reduces Stock Position in Two Harbors Investments Corp $TWO

Caxton Associates LLP lessened its stake in Two Harbors Investments Corp (NYSE:TWO) by 43.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,703 shares of the real estate investment trust’s stock after selling 70,949 shares during the period. Caxton Associates LLP owned approximately 0.09% of Two Harbors Investments worth $1,047,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Balyasny Asset Management L.P. boosted its stake in shares of Two Harbors Investments by 490.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after buying an additional 2,977,196 shares during the last quarter. Marshall Wace LLP purchased a new stake in Two Harbors Investments during the fourth quarter valued at $23,886,000. Schonfeld Strategic Advisors LLC bought a new position in Two Harbors Investments in the fourth quarter valued at about $16,523,000. Millennium Management LLC lifted its holdings in Two Harbors Investments by 45.3% in the third quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock valued at $44,766,000 after acquiring an additional 1,415,062 shares during the period. Finally, AQR Arbitrage LLC purchased a new position in Two Harbors Investments in the fourth quarter worth about $11,431,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investments Stock Up 0.0%

NYSE TWO opened at $12.11 on Monday. The stock’s 50-day moving average price is $12.29 and its 200-day moving average price is $11.68. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. Two Harbors Investments Corp has a 52 week low of $8.78 and a 52 week high of $14.17. The company has a market capitalization of $1.27 billion, a P/E ratio of -3.17 and a beta of 1.03.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The firm had revenue of $225.08 million for the quarter, compared to analysts’ expectations of $2.33 million. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%. On average, equities research analysts predict that Two Harbors Investments Corp will post 0.89 earnings per share for the current year.

Two Harbors Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.2%. Two Harbors Investments’s payout ratio is currently -35.60%.

Analysts Set New Price Targets

Several research firms have recently commented on TWO. JPMorgan Chase & Co. upped their price target on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Finally, Compass Point reiterated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.75.

Two Harbors Investments 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.