SG Americas Securities LLC Boosts Stock Position in Two Harbors Investment Corp (NYSE:TWO)
SG Americas Securities LLC grew its stake in Two Harbors Investment Corp (NYSE:TWO) by 268.8% in the second quarter, Holdings Channel.com reports. The firm owned 236,696 shares of the real estate investment trust’s stock after acquiring an additional 172,511 shares during the quarter. SG Americas Securities LLC’s holdings in Two Harbors Investment were worth $2,999,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. HGI Capital Management LLC acquired a new position in Two Harbors Investment during the second quarter worth $3,047,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Two Harbors Investment in the second quarter valued at $137,000. AE Wealth Management LLC acquired a new stake in shares of Two Harbors Investment in the second quarter valued at $283,000. Jag Capital Management LLC acquired a new stake in shares of Two Harbors Investment in the second quarter valued at $775,000. Finally, Camelot Portfolios LLC raised its stake in shares of Two Harbors Investment by 2.9% in the second quarter. Camelot Portfolios LLC now owns 251,631 shares of the real estate investment trust’s stock valued at $3,188,000 after acquiring an additional 7,040 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.
Two Harbors Investment stock opened at $13.20 on Wednesday. Two Harbors Investment Corp has a 1-year low of $12.06 and a 1-year high of $15.89. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $3.64 billion, a PE ratio of 6.70 and a beta of 0.63. The company has a fifty day simple moving average of $13.11.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Monday, July 1st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 12.12%. The ex-dividend date of this dividend was Friday, June 28th. Two Harbors Investment’s dividend payout ratio is presently 81.22%.
Several brokerages have recently issued reports on TWO. Maxim Group reiterated a “buy” rating and issued a $15.00 price objective on shares of Two Harbors Investment in a research note on Thursday, August 8th. Zacks Investment Research cut Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Nomura set a $14.00 price objective on Two Harbors Investment and gave the company a “hold” rating in a research note on Wednesday, August 7th. ValuEngine upgraded Two Harbors Investment from a “strong sell” rating to a “sell” rating in a research note on Friday, May 17th. Finally, JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $14.50 to $13.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Two Harbors Investment currently has an average rating of “Hold” and a consensus target price of $15.00.
Two Harbors Investment Company Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
Recommended Story: How is Preferred Stock Different from Common Stock?
Want to see what other hedge funds are holding TWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Two Harbors Investment Corp (NYSE:TWO).
Receive News & Ratings for Two Harbors Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investment and related companies with MarketBeat.com's FREE daily email newsletter.