Gabelli Funds LLC Has $1.71 Million Stock Position in Two Harbors Investments Corp $TWO

Gabelli Funds LLC boosted its holdings in Two Harbors Investments Corp (NYSE:TWO) by 200.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 150,000 shares of the real estate investment trust’s stock after purchasing an additional 100,000 shares during the period. Gabelli Funds LLC’s holdings in Two Harbors Investments were worth $1,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Balyasny Asset Management L.P. boosted its position in shares of Two Harbors Investments by 490.7% in the second 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 acquiring an additional 2,977,196 shares during the period. Marshall Wace LLP bought a new position in Two Harbors Investments during the fourth quarter worth $23,886,000. Schonfeld Strategic Advisors LLC bought a new position in Two Harbors Investments during the fourth quarter worth $16,523,000. Millennium Management LLC raised its stake in Two Harbors Investments by 45.3% during the 3rd 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 during the last quarter. Finally, AQR Arbitrage LLC acquired a new position in Two Harbors Investments during the 4th quarter valued at $11,431,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TWO shares. Royal Bank Of Canada increased their price target on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. 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. 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 Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.75.

Two Harbors Investments Stock Performance

TWO opened at $12.11 on Thursday. The stock has a market cap of $1.27 billion, a PE ratio of -16.36 and a beta of 1.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Two Harbors Investments Corp has a 1 year low of $8.78 and a 1 year high of $14.17. The stock’s 50 day simple moving average is $12.26 and its 200-day simple moving average is $11.71.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. The business had revenue of $247.57 million during the quarter, compared to analyst estimates of $9.45 million. Two Harbors Investments had a positive return on equity of 12.74% and a negative net margin of 6.09%. Sell-side analysts forecast that Two Harbors Investments Corp will post 0.89 EPS for the current year.

Two Harbors Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were paid a $0.34 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.2%. 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.