SummitTX Capital L.P. Makes New $572,000 Investment in Two Harbors Investments Corp $TWO

SummitTX Capital L.P. acquired a new stake in Two Harbors Investments Corp (NYSE:TWO) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 50,100 shares of the real estate investment trust’s stock, valued at approximately $572,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TWO. Quarry LP raised its position in 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 worth $34,000 after purchasing an additional 2,991 shares during the period. Smartleaf Asset Management LLC boosted its position in Two Harbors Investments by 34.5% during 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 period. Advisory Services Network LLC purchased a new stake in shares of Two Harbors Investments during the third quarter worth about $42,000. Kemnay Advisory Services Inc. bought a new stake in shares of Two Harbors Investments in the 4th quarter worth approximately $68,000. Finally, Los Angeles Capital Management LLC bought a new stake in Two Harbors Investments in the fourth quarter valued at $75,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Trading Down 0.2%

Two Harbors Investments stock opened at $12.09 on Friday. Two Harbors Investments Corp has a 12 month low of $8.78 and a 12 month high of $14.17. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -16.33 and a beta of 1.03. The business’s fifty day simple moving average is $12.25 and its two-hundred day simple moving average is $11.71. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $247.57 million during the quarter, compared to the consensus estimate of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. As a group, equities analysts predict 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. Investors of record on Thursday, July 2nd were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio is -64.86%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. JPMorgan Chase & Co. boosted their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Friday, July 17th. 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Two Harbors Investments in a research note on Friday, July 24th. Finally, Zacks Research raised shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Two Harbors Investments presently has a consensus rating of “Hold” and an average target price of $12.75.

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.