Ascentis Independent Advisors Acquires 48,708 Shares of Two Harbors Investments Corp $TWO

Ascentis Independent Advisors grew its holdings in Two Harbors Investments Corp (NYSE:TWO) by 66.8% during the first quarter, Holdings Channel.com reports. The firm owned 121,583 shares of the real estate investment trust’s stock after acquiring an additional 48,708 shares during the quarter. Ascentis Independent Advisors’ holdings in Two Harbors Investments were worth $1,388,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Quarry LP boosted its holdings in Two Harbors Investments by 695.6% during the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 2,991 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Two Harbors Investments by 34.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 981 shares during the last quarter. Advisory Services Network LLC bought a new stake in Two Harbors Investments during the 3rd quarter worth about $42,000. Kemnay Advisory Services Inc. bought a new stake in Two Harbors Investments during the 4th quarter worth about $68,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Two Harbors Investments during the 4th quarter worth about $75,000. Institutional investors own 64.19% of the company’s stock.

Analysts Set New Price Targets

TWO has been the subject of several analyst reports. Zacks Research upgraded Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. 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. Weiss Ratings upgraded Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered Two Harbors Investments from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $12.50 to $11.00 in a research report on Thursday, April 16th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $12.50.

Two Harbors Investments Stock Performance

Shares of NYSE:TWO opened at $12.07 on Tuesday. Two Harbors Investments Corp has a 52-week low of $8.78 and a 52-week high of $14.17. 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 market capitalization of $1.27 billion, a P/E ratio of -3.16 and a beta of 1.03. The company has a 50-day simple moving average of $12.27 and a 200 day simple moving average of $11.56.

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

Two Harbors Investments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.3%. 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.