Two Harbors Investments Corp $TWO Stock Holdings Lessened by Sei Investments Co.

Sei Investments Co. cut its holdings in Two Harbors Investments Corp (NYSE:TWO) by 81.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 14,476 shares of the real estate investment trust’s stock after selling 64,001 shares during the period. Sei Investments Co.’s holdings in Two Harbors Investments were worth $165,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Quarry LP lifted its holdings in Two Harbors Investments by 695.6% in the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,991 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Two Harbors Investments by 34.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 981 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Two Harbors Investments during the third quarter valued at approximately $42,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Two Harbors Investments during the 4th quarter worth approximately $68,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Two Harbors Investments during the 4th quarter worth approximately $75,000. Institutional investors own 64.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TWO. JPMorgan Chase & Co. boosted their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. Weiss Ratings raised Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Compass Point reiterated a “neutral” rating and issued a $13.00 target price on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada upped their price target on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Two Harbors Investments presently has a consensus rating of “Hold” and a consensus price target of $12.75.

Two Harbors Investments Stock Performance

Shares of NYSE TWO opened at $12.02 on Tuesday. Two Harbors Investments Corp has a 12-month low of $11.98 and a 12-month high of $12.12. The company has a market cap of $1.26 billion, a PE ratio of -16.24 and a beta of 1.04. The stock has a 50 day simple moving average of $12.17 and a 200-day simple moving average of $11.60. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85.

Two Harbors Investments (NYSE:TWO) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $247.57 million for the quarter, compared to analysts’ expectations of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. On average, equities research analysts forecast that Two Harbors Investments Corp will post 0.89 EPS for the current year.

Two Harbors Investments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio (DPR) is -64.86%.

About Two Harbors Investments

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.