Polar Asset Management Partners Inc. Sells 66,051 Shares of Two Harbors Investments Corp $TWO

Polar Asset Management Partners Inc. decreased its holdings in shares of Two Harbors Investments Corp (NYSE:TWO) by 27.1% in the 1st quarter, Holdings Channel reports. The fund owned 178,000 shares of the real estate investment trust’s stock after selling 66,051 shares during the period. Polar Asset Management Partners Inc.’s holdings in Two Harbors Investments were worth $2,033,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in shares of Two Harbors Investments during the 1st quarter valued at approximately $344,000. Millennium Management LLC increased its position in Two Harbors Investments by 10.6% during the 1st quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock worth $16,119,000 after purchasing an additional 115,698 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Two Harbors Investments by 24.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 144,670 shares of the real estate investment trust’s stock valued at $1,933,000 after purchasing an additional 28,535 shares during the last quarter. Intech Investment Management LLC lifted its stake in Two Harbors Investments by 54.4% in the 1st quarter. Intech Investment Management LLC now owns 91,847 shares of the real estate investment trust’s stock valued at $1,227,000 after purchasing an additional 32,361 shares during the last quarter. Finally, Norges Bank bought a new position in Two Harbors Investments in the 2nd quarter valued at approximately $955,000. Institutional investors own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TWO shares. Royal Bank Of Canada boosted their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Monday. Weiss Ratings upgraded Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Compass Point reiterated a “neutral” rating and issued a $13.00 price target on shares of Two Harbors Investments in a research note on Tuesday, June 9th. JPMorgan Chase & Co. raised their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, July 17th. Finally, Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.60.

Two Harbors Investments Price Performance

TWO stock opened at $12.11 on Tuesday. The company has a fifty day moving average price of $12.28 and a 200-day moving average price of $11.69. 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 Corp has a 52-week low of $8.78 and a 52-week high of $14.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06.

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

Two Harbors Investments Dividend Announcement

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

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.