Pekin Hardy Strauss Inc. Purchases New Position in Two Harbors Investments Corp $TWO

Pekin Hardy Strauss Inc. acquired a new position in Two Harbors Investments Corp (NYSE:TWO) in the 3rd quarter, HoldingsChannel reports. The firm acquired 539,526 shares of the real estate investment trust’s stock, valued at approximately $5,325,000.

Other large investors have also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Two Harbors Investments during the third quarter valued at approximately $25,000. AlphaQuest LLC raised its holdings in Two Harbors Investments by 240.4% in the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 2,380 shares in the last quarter. CWM LLC lifted its position in shares of Two Harbors Investments by 456.0% in the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 4,482 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Two Harbors Investments by 62.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,890 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 3,019 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Two Harbors Investments by 25.0% during the 2nd quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 1,651 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TWO has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday, December 29th. UBS Group lowered Two Harbors Investments from a “buy” rating to a “neutral” rating and lifted their price target for the company from $11.00 to $14.00 in a research report on Friday, January 23rd. Wall Street Zen raised Two Harbors Investments from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. JPMorgan Chase & Co. reduced their target price on shares of Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, Maxim Group cut shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $12.88.

Two Harbors Investments Trading Down 0.4%

Two Harbors Investments stock opened at $11.15 on Friday. Two Harbors Investments Corp has a 12 month low of $9.30 and a 12 month high of $14.28. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.28 and a beta of 1.19. The business’s fifty day simple moving average is $11.66 and its two-hundred day simple moving average is $10.50. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

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

Two Harbors Investments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Monday, January 5th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.36 annualized dividend and a yield of 12.2%. Two Harbors Investments’s payout ratio is -27.81%.

Insider Transactions at Two Harbors Investments

In other news, insider Robert Rush sold 23,594 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $11.43, for a total value of $269,679.42. Following the transaction, the insider owned 98,207 shares in the company, valued at approximately $1,122,506.01. This represents a 19.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CIO Nicholas Letica sold 55,488 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $11.42, for a total transaction of $633,672.96. Following the sale, the executive directly owned 166,507 shares of the company’s stock, valued at $1,901,509.94. This trade represents a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 129,389 shares of company stock valued at $1,483,046. 0.70% of the stock is currently owned by insiders.

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.