Simplicity Wealth LLC Buys Shares of 42,791 Two Harbors Investments Corp $TWO

Simplicity Wealth LLC purchased a new stake in Two Harbors Investments Corp (NYSE:TWO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 42,791 shares of the real estate investment trust’s stock, valued at approximately $531,000.

A number of other hedge funds have also modified their holdings of TWO. Global Retirement Partners LLC purchased a new stake in Two Harbors Investments in the 2nd quarter valued at about $36,000. Quarry LP boosted its stake 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 buying an additional 2,991 shares during the period. Smartleaf Asset Management LLC increased 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 valued at $40,000 after acquiring an additional 981 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Two Harbors Investments during the third quarter valued at about $42,000. Finally, Ballast Advisors LLC purchased a new stake in shares of Two Harbors Investments in the 1st quarter valued at approximately $50,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investments Stock Performance

NYSE:TWO opened at $12.02 on Tuesday. Two Harbors Investments Corp has a 52 week low of $11.98 and a 52 week high of $12.12. The company has a fifty day simple moving average of $12.17 and a two-hundred day simple moving average of $11.60. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -16.24 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $247.57 million for the quarter, compared to analysts’ expectations 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 anticipate that Two Harbors Investments Corp will post 0.89 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s payout ratio is -64.86%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Compass Point reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Royal Bank Of Canada upped their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Weiss Ratings upgraded Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. raised their price target on Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Finally, Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.75.

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.