Yakira Capital Management Inc. Buys Shares of 49,250 Two Harbors Investments Corp $TWO

Yakira Capital Management Inc. bought a new stake in Two Harbors Investments Corp (NYSE:TWO) during the fourth quarter, Holdings Channel.com reports. The firm bought 49,250 shares of the real estate investment trust’s stock, valued at approximately $517,000.

A number of other hedge funds have also recently added to or reduced their stakes in TWO. Balyasny Asset Management L.P. boosted its position in 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 buying an additional 2,977,196 shares in the last quarter. Marshall Wace LLP acquired a new stake in Two Harbors Investments in the fourth quarter valued at approximately $23,886,000. Millennium Management LLC boosted its position 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 buying an additional 1,415,062 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Two Harbors Investments by 551.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,136,613 shares of the real estate investment trust’s stock valued at $11,934,000 after buying an additional 962,241 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Two Harbors Investments in the fourth quarter valued at approximately $8,756,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TWO. 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. JPMorgan Chase & Co. lowered shares of Two Harbors Investments from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $12.50 to $11.00 in a report on Thursday, April 16th. Zacks Research upgraded shares of Two Harbors Investments from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Compass Point reiterated a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $12.50.

Two Harbors Investments Price Performance

Shares of NYSE:TWO opened at $12.34 on Monday. The firm has a market cap of $1.30 billion, a PE ratio of -3.23 and a beta of 1.04. The firm’s fifty day moving average is $11.87 and its 200-day moving average is $11.31. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06. Two Harbors Investments Corp has a 52 week low of $8.78 and a 52 week high of $14.17.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. The company had revenue of $225.08 million for the quarter, compared to analyst estimates of $2.33 million. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. Sell-side analysts predict that Two Harbors Investments Corp will post 0.8 earnings per share for the current year.

Two Harbors Investments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend was Thursday, April 2nd. Two Harbors Investments’s dividend payout ratio (DPR) 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.