Credit Industriel ET Commercial Makes New $1.06 Million Investment in Two Harbors Investments Corp $TWO

Credit Industriel ET Commercial acquired a new stake in Two Harbors Investments Corp (NYSE:TWO) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 93,000 shares of the real estate investment trust’s stock, valued at approximately $1,062,000. Credit Industriel ET Commercial owned about 0.09% of Two Harbors Investments as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TWO. Quarry LP lifted its position in shares of Two Harbors Investments by 695.6% during the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 2,991 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in 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 during the period. Advisory Services Network LLC purchased a new position in shares of Two Harbors Investments in the third quarter worth about $42,000. Kemnay Advisory Services Inc. purchased a new position in shares of Two Harbors Investments in the fourth quarter worth about $68,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Two Harbors Investments during the 4th quarter valued at approximately $75,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TWO has been the topic of a number of analyst reports. Zacks Research upgraded Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. lowered Two Harbors Investments from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $12.50 to $11.00 in a report on Thursday, April 16th. Weiss Ratings raised shares of Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Finally, Compass Point reiterated a “neutral” rating and issued a $13.00 target price on shares of Two Harbors Investments in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Two Harbors Investments has a consensus rating of “Reduce” and a consensus target price of $12.50.

Two Harbors Investments Trading Down 0.2%

NYSE TWO opened at $12.06 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock’s 50-day simple moving average is $12.27 and its two-hundred day simple moving average is $11.56. Two Harbors Investments Corp has a twelve month low of $8.78 and a twelve month high of $14.17. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -3.16 and a beta of 1.03.

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

Two Harbors Investments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.3%. Two Harbors Investments’s dividend payout ratio is currently -35.60%.

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.