Jupiter Topco LLC Invests $658,000 in Two Harbors Investments Corp $TWO

Jupiter Topco LLC purchased a new position in Two Harbors Investments Corp (NYSE:TWO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 53,040 shares of the real estate investment trust’s stock, valued at approximately $658,000. Jupiter Topco LLC owned about 0.05% of Two Harbors Investments at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Quantinno Capital Management LP grew its stake in Two Harbors Investments by 243.0% during the 1st quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust’s stock worth $1,596,000 after buying an additional 98,987 shares during the last quarter. UBS Group AG increased its position in Two Harbors Investments by 42.3% during the 4th quarter. UBS Group AG now owns 1,564,418 shares of the real estate investment trust’s stock valued at $16,426,000 after buying an additional 464,929 shares in the last quarter. BlackRock Inc. acquired a new stake in Two Harbors Investments in the second quarter worth about $211,685,000. Gabelli Funds LLC boosted its holdings in Two Harbors Investments by 200.0% in the first quarter. Gabelli Funds LLC now owns 150,000 shares of the real estate investment trust’s stock worth $1,713,000 after acquiring an additional 100,000 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in shares of Two Harbors Investments during the second quarter worth about $1,124,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank Of Canada increased their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. BTIG Research restated a “neutral” rating on shares of Two Harbors Investments in a research note on Wednesday, August 26th. Weiss Ratings upgraded shares of Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Zacks Research raised Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Compass Point reaffirmed a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.75.

Two Harbors Investments Stock Performance

Shares of Two Harbors Investments stock opened at $12.18 on Monday. 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 Corp has a twelve month low of $11.98 and a twelve month high of $12.19. The firm has a market capitalization of $1.28 billion, a PE ratio of -16.46 and a beta of 1.04. The firm’s 50-day moving average price is $12.11 and its 200 day moving average price is $11.65.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%.The company had revenue of $247.57 million for the quarter, compared to analyst estimates of $9.45 million. On average, sell-side analysts predict that Two Harbors Investments Corp will post 0.89 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis 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 -64.86%.

Two Harbors Investments Company 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.