Harvest Management LLC Sells 58,427 Shares of Two Harbors Investments Corp $TWO

Harvest Management LLC lowered its position in shares of Two Harbors Investments Corp (NYSE:TWO) by 29.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,573 shares of the real estate investment trust’s stock after selling 58,427 shares during the quarter. Two Harbors Investments accounts for approximately 0.7% of Harvest Management LLC’s investment portfolio, making the stock its 20th biggest holding. Harvest Management LLC’s holdings in Two Harbors Investments were worth $1,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TWO. Quarry LP grew its holdings in shares of 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 valued at $34,000 after acquiring an additional 2,991 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Two Harbors Investments during the second quarter worth $36,000. Smartleaf Asset Management LLC lifted its holdings in 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 worth $40,000 after acquiring an additional 981 shares during the period. Advisory Services Network LLC purchased a new position in Two Harbors Investments in the third quarter worth $42,000. Finally, Ballast Advisors LLC purchased a new position in Two Harbors Investments in the first quarter worth $50,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TWO. JPMorgan Chase & Co. raised their target price 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. Royal Bank Of Canada boosted 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 report on Monday, July 27th. Compass Point restated a “neutral” rating and set a $13.00 price objective on shares of Two Harbors Investments in a report on Tuesday, June 9th. Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Two Harbors Investments has a consensus rating of “Hold” and a consensus target price of $12.75.

Two Harbors Investments Price Performance

Shares of NYSE TWO opened at $12.18 on Friday. The stock has a fifty day simple moving average of $12.13 and a two-hundred day simple moving average of $11.61. Two Harbors Investments Corp has a 1-year low of $11.98 and a 1-year high of $12.19. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -16.46 and a beta of 1.04. 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 released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of $247.57 million during 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%. Analysts anticipate that Two Harbors Investments Corp will post 0.89 earnings per share for the current year.

Two Harbors Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were issued 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 11.2%. 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.