NINE MASTS CAPITAL Ltd Purchases Shares of 90,600 Two Harbors Investments Corp $TWO

NINE MASTS CAPITAL Ltd acquired a new position in shares of Two Harbors Investments Corp (NYSE:TWO) in the 2nd quarter, HoldingsChannel reports. The fund acquired 90,600 shares of the real estate investment trust’s stock, valued at approximately $1,124,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Two Harbors Investments in the second quarter worth $211,685,000. Deutsche Bank AG bought a new position in shares of Two Harbors Investments during the 2nd quarter worth about $1,408,000. Simplicity Wealth LLC bought a new position in shares of Two Harbors Investments during the 2nd quarter worth about $531,000. Global Retirement Partners LLC acquired a new stake in shares of Two Harbors Investments in the 2nd quarter valued at about $36,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Two Harbors Investments in the 2nd quarter valued at about $7,600,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TWO shares. Weiss Ratings raised Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. 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 research note on Friday, July 17th. Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Compass Point reaffirmed a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Finally, Royal Bank Of Canada increased their target price on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a 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 given a Sell rating to the company. According to data from MarketBeat, Two Harbors Investments presently has an average rating of “Hold” and a consensus price target of $12.75.

Two Harbors Investments Trading Down 0.2%

NYSE:TWO opened at $12.02 on Tuesday. Two Harbors Investments Corp has a 52 week low of $11.98 and a 52 week high of $12.12. The firm has a 50-day moving average price of $12.17 and a two-hundred day moving average price of $11.60. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -16.24 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $247.57 million for the quarter, compared to the consensus estimate 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 analysts expect that Two Harbors Investments Corp will post 0.89 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.3%. Two Harbors Investments’s payout ratio is currently -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.