Quest Partners LLC Purchases New Position in Two Harbors Investment Corp. (NYSE:TWO)

Quest Partners LLC purchased a new stake in shares of Two Harbors Investment Corp. (NYSE:TWO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 22,156 shares of the real estate investment trust’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,100 shares during the last quarter. Simplify Asset Management Inc. bought a new stake in Two Harbors Investment during the 3rd quarter worth approximately $134,000. QRG Capital Management Inc. bought a new stake in Two Harbors Investment during the 2nd quarter worth approximately $144,000. AQR Capital Management LLC bought a new stake in Two Harbors Investment during the 2nd quarter worth approximately $147,000. Finally, Teamwork Financial Advisors LLC bought a new stake in Two Harbors Investment during the 3rd quarter worth approximately $173,000. 64.19% of the stock is owned by institutional investors.

Two Harbors Investment Stock Up 0.6 %

Two Harbors Investment stock opened at $11.81 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment Corp. has a 12-month low of $11.28 and a 12-month high of $14.59. The firm’s fifty day moving average is $12.61 and its 200 day moving average is $13.07. The company has a market capitalization of $1.22 billion, a PE ratio of -2.45 and a beta of 1.87.

Two Harbors Investment (NYSE:TWO) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The company had revenue of $112.64 million for the quarter. During the same quarter in the previous year, the firm earned ($0.01) EPS. As a group, sell-side analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.24%. Two Harbors Investment’s payout ratio is presently -37.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TWO shares. Compass Point reduced their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday. Royal Bank of Canada reduced their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Two Harbors Investment has an average rating of “Hold” and an average target price of $14.18.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.