Van ECK Associates Corp Has $12.12 Million Stake in Two Harbors Investments Corp $TWO

Van ECK Associates Corp trimmed its position in Two Harbors Investments Corp (NYSE:TWO) by 11.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 976,899 shares of the real estate investment trust’s stock after selling 121,880 shares during the period. Van ECK Associates Corp’s holdings in Two Harbors Investments were worth $12,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TWO. Quantinno Capital Management LP raised its position in Two Harbors Investments by 243.0% in the 1st quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust’s stock valued at $1,596,000 after buying an additional 98,987 shares during the last quarter. UBS Group AG boosted 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 worth $16,426,000 after acquiring an additional 464,929 shares during the last quarter. BlackRock Inc. acquired a new position in Two Harbors Investments during the 2nd quarter worth approximately $211,685,000. Gabelli Funds LLC grew its stake in shares of Two Harbors Investments by 200.0% during the 1st 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 bought a new position in shares of Two Harbors Investments during the 2nd quarter worth approximately $1,124,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TWO. Royal Bank Of Canada boosted their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. raised their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. 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. Compass Point reissued a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Finally, BTIG Research restated a “neutral” rating on shares of Two Harbors Investments in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.75.

Two Harbors Investments Price Performance

NYSE:TWO opened at $12.18 on Tuesday. 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 price-to-earnings ratio of -16.46 and a beta of 1.04. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85. The stock’s 50 day moving average price is $12.13 and its two-hundred day moving average price is $11.62.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.45 million. Equities research analysts expect that Two Harbors Investments Corp will post 0.89 earnings per share for the current fiscal year.

Two Harbors Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were paid a $0.34 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 11.2%. Two Harbors Investments’s dividend payout ratio (DPR) 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.