UBS Group AG Has $16.43 Million Position in Two Harbors Investments Corp $TWO

UBS Group AG raised its holdings in Two Harbors Investments Corp (NYSE:TWO) by 42.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,564,418 shares of the real estate investment trust’s stock after buying an additional 464,929 shares during the period. UBS Group AG’s holdings in Two Harbors Investments were worth $16,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP grew its position in shares of Two Harbors Investments by 695.6% in the 3rd 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 during the period. Advisory Services Network LLC bought a new position in shares of Two Harbors Investments in the 3rd quarter valued at about $42,000. CWM LLC grew its position in shares of Two Harbors Investments by 456.0% in the 3rd quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 4,482 shares during the period. KBC Group NV grew its position in shares of Two Harbors Investments by 117.2% in the 4th quarter. KBC Group NV now owns 7,794 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 4,206 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Two Harbors Investments by 62.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,890 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 3,019 shares during the period. Institutional investors own 64.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Compass Point downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating in a research report on Friday, March 27th. UBS Group downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $11.00 to $14.00 in a research report on Friday, January 23rd. JPMorgan Chase & Co. downgraded shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $12.50 to $11.00 in a research report on Thursday, April 16th. Finally, Zacks Research raised shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $12.25.

Two Harbors Investments Stock Performance

Shares of TWO stock opened at $12.67 on Wednesday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -3.32 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $10.86 and a 200 day simple moving average of $10.86. Two Harbors Investments Corp has a 52 week low of $8.78 and a 52 week high of $14.17.

Two Harbors Investments (NYSE:TWO) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.21 by $0.13. The business had revenue of $225.08 million during the quarter, compared to the consensus estimate of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. On average, sell-side analysts predict that Two Harbors Investments Corp will post 0.8 earnings per share for the current year.

Two Harbors Investments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.36 annualized dividend and a dividend yield of 10.7%. Two Harbors Investments’s payout ratio is presently -35.60%.

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.