Two Harbors Investments Corp $TWO Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 81.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,476 shares of the real estate investment trust’s stock after selling 64,001 shares during the quarter. Sei Investments Co.’s holdings in Two Harbors Investments were worth $165,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TWO. Quarry LP grew its position in 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. Smartleaf Asset Management LLC lifted its position in shares of 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 purchasing an additional 981 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Two Harbors Investments in the third quarter valued at $42,000. Kemnay Advisory Services Inc. purchased a new position in shares of Two Harbors Investments in the fourth quarter valued at $68,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Two Harbors Investments during the 4th quarter valued at $75,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TWO has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their target price on 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. Weiss Ratings raised Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price objective on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Finally, Compass Point reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Two Harbors Investments in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.75.

Two Harbors Investments Price Performance

Shares of TWO stock opened at $12.02 on Tuesday. The firm has a fifty day moving average of $12.17 and a two-hundred day moving average of $11.60. The firm has a market cap of $1.26 billion, a P/E ratio of -16.24 and a beta of 1.04. Two Harbors Investments Corp has a 1-year low of $11.98 and a 1-year high of $12.12. 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 issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Two Harbors Investments had a negative net margin of 6.09% and a positive return on equity of 12.79%. The business had revenue of $247.57 million for the quarter, compared to analyst estimates of $9.45 million. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.3%. Two Harbors Investments’s dividend payout ratio is presently -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.