Yakira Capital Management Inc. Makes New Investment in Two Harbors Investments Corp $TWO

Yakira Capital Management Inc. bought a new position in shares of Two Harbors Investments Corp (NYSE:TWO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 49,250 shares of the real estate investment trust’s stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Millennium Management LLC grew its position in shares of Two Harbors Investments by 45.3% during the 3rd quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock worth $44,766,000 after purchasing an additional 1,415,062 shares in the last quarter. Balyasny Asset Management L.P. grew its position in shares of Two Harbors Investments by 490.7% during 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 purchasing an additional 2,977,196 shares in the last quarter. Invesco Ltd. grew its position in shares of Two Harbors Investments by 44.5% during the 2nd quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock worth $28,540,000 after purchasing an additional 815,931 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Two Harbors Investments by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,485,048 shares of the real estate investment trust’s stock worth $26,098,000 after purchasing an additional 21,212 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Two Harbors Investments during the 4th quarter worth approximately $23,886,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investments Stock Performance

NYSE TWO opened at $12.34 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -3.23 and a beta of 1.04. The firm’s 50 day simple moving average is $11.87 and its 200 day simple moving average is $11.31. Two Harbors Investments Corp has a 1 year low of $8.78 and a 1 year high of $14.17.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.13. The business had revenue of $225.08 million for the quarter, compared to analyst estimates of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. As a group, research analysts expect that Two Harbors Investments Corp will post 0.8 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were given a $0.34 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 11.0%. Two Harbors Investments’s dividend payout ratio (DPR) is currently -35.60%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. 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. Compass Point reiterated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Zacks Research upgraded shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. lowered shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $12.50 to $11.00 in a research report on Thursday, April 16th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.50.

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.