Louisiana State Employees Retirement System Buys Shares of 46,500 Two Harbors Investments Corp $TWO

Louisiana State Employees Retirement System purchased a new position in Two Harbors Investments Corp (NYSE:TWO) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 46,500 shares of the real estate investment trust’s stock, valued at approximately $531,000.

Several other hedge funds and other institutional investors have also modified their holdings of TWO. Millennium Management LLC grew its stake in Two Harbors Investments by 45.3% in the third quarter. Millennium Management LLC now owns 4,535,534 shares of the real estate investment trust’s stock valued at $44,766,000 after purchasing an additional 1,415,062 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Two Harbors Investments by 490.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock valued at $38,599,000 after buying an additional 2,977,196 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Two Harbors Investments by 44.5% during the 2nd quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock valued at $28,540,000 after buying an additional 815,931 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Two Harbors Investments by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,485,048 shares of the real estate investment trust’s stock valued at $26,098,000 after buying an additional 21,212 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Two Harbors Investments in the 4th quarter valued at approximately $23,886,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investments Trading Down 0.1%

Shares of TWO stock opened at $12.07 on Wednesday. Two Harbors Investments Corp has a 12 month low of $8.78 and a 12 month high of $14.17. 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 business’s 50 day moving average is $12.30 and its two-hundred day moving average is $11.57. The company has a market cap of $1.27 billion, a PE ratio of -3.16 and a beta of 1.03.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data 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 business had revenue of $225.08 million during the quarter, compared to analysts’ expectations of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. Equities analysts predict that Two Harbors Investments Corp will post 0.8 EPS for the current year.

Two Harbors Investments Announces Dividend

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 given 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 yield of 11.3%. Two Harbors Investments’s payout ratio is currently -35.60%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TWO. Zacks Research raised shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Compass Point restated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research note on Tuesday, June 9th. JPMorgan Chase & Co. downgraded shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and cut their price target for the company from $12.50 to $11.00 in a report on Thursday, April 16th. Finally, 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. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Two Harbors Investments has an average rating of “Reduce” and a consensus price target of $12.50.

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.