Groupe la Francaise Takes $1.44 Million Position in Two Harbors Investments Corp $TWO

Groupe la Francaise acquired a new position in Two Harbors Investments Corp (NYSE:TWO) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 116,257 shares of the real estate investment trust’s stock, valued at approximately $1,443,000.

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

Two Harbors Investments Price Performance

NYSE:TWO opened at $12.18 on Wednesday. Two Harbors Investments Corp has a 1-year low of $11.98 and a 1-year high of $12.19. The company has a 50-day moving average of $12.10 and a 200 day moving average of $11.66. The firm has a market cap of $1.28 billion, a PE ratio of -16.46 and a beta of 1.04. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.08 and a quick ratio of 1.08.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $247.57 million during the quarter, compared to analyst estimates of $9.45 million. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. As a group, research analysts anticipate that Two Harbors Investments Corp will post 0.89 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The company 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 annualized dividend and a yield of 11.2%. The ex-dividend date was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio (DPR) is -64.86%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Compass Point reissued a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. increased their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. BTIG Research reissued a “neutral” rating on shares of Two Harbors Investments in a research note on Wednesday, August 26th. Finally, Royal Bank Of Canada boosted their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Two Harbors Investments has a consensus rating of “Hold” and an average price target of $12.75.

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.