Two Harbors Investments Corp $TWO Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its position in Two Harbors Investments Corp (NYSE:TWO) by 310.6% in the second quarter, Holdings Channel.com reports. The firm owned 1,748,877 shares of the real estate investment trust’s stock after acquiring an additional 1,322,962 shares during the quarter. Squarepoint Ops LLC’s holdings in Two Harbors Investments were worth $21,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Two Harbors Investments in the 2nd quarter valued at approximately $211,685,000. Millennium Management LLC raised its position in Two Harbors Investments by 45.3% in the third quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock worth $44,766,000 after acquiring an additional 1,415,062 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Two Harbors Investments by 490.7% in the second quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after acquiring an additional 2,977,196 shares in the last quarter. Invesco Ltd. lifted its holdings in Two Harbors Investments by 44.5% in the second quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock valued at $28,540,000 after acquiring an additional 815,931 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Two Harbors Investments by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,485,048 shares of the real estate investment trust’s stock valued at $26,098,000 after purchasing an additional 21,212 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

Shares of TWO opened at $12.18 on Wednesday. Two Harbors Investments Corp has a fifty-two week low of $11.98 and a fifty-two week high of $12.19. The company’s fifty day moving average is $12.10 and its two-hundred day moving average is $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 quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85.

Two Harbors Investments (NYSE:TWO) last issued 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. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%.The business had revenue of $247.57 million during the quarter, compared to analysts’ expectations of $9.45 million. Analysts forecast 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. Shareholders of record on Thursday, July 2nd were given 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 is presently -64.86%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TWO. BTIG Research reaffirmed a “neutral” rating on shares of Two Harbors Investments in a report on Wednesday, August 26th. Compass Point reiterated a “neutral” rating and set a $13.00 target price on shares of Two Harbors Investments in a report on Tuesday, June 9th. JPMorgan Chase & Co. boosted 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. Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.75.

Two Harbors Investments 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.