Polar Asset Management Partners Inc. Invests $4.13 Million in Two Harbors Investments Corp $TWO

Polar Asset Management Partners Inc. acquired a new position in shares of Two Harbors Investments Corp (NYSE:TWO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 333,060 shares of the real estate investment trust’s stock, valued at approximately $4,133,000. Polar Asset Management Partners Inc. owned approximately 0.32% of Two Harbors Investments as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Two Harbors Investments in the second quarter valued at approximately $211,685,000. Balyasny Asset Management L.P. boosted its holdings in Two Harbors Investments by 490.7% during the second quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after purchasing an additional 2,977,196 shares during the last quarter. Marshall Wace LLP acquired 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 in the fourth quarter valued at $16,523,000. Finally, Millennium Management LLC grew 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 purchasing an additional 1,415,062 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TWO shares. Royal Bank Of Canada lifted 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 research note on Monday, July 27th. Weiss Ratings upgraded Two Harbors Investments from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their target price on Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Compass Point reissued a “neutral” rating and set a $13.00 price target on shares of Two Harbors Investments in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.75.

Two Harbors Investments Stock Performance

Shares of NYSE:TWO opened at $12.18 on Wednesday. Two Harbors Investments Corp has a 12-month low of $11.98 and a 12-month high of $12.19. The stock has a market cap of $1.28 billion, a PE ratio of -16.46 and a beta of 1.04. The business has a 50 day moving average of $12.14 and a 200-day moving average of $11.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.85.

Two Harbors Investments (NYSE:TWO) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $247.57 million for the quarter, compared to analyst estimates of $9.45 million. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%. As a group, equities research analysts forecast that Two Harbors Investments Corp will post 0.89 earnings per share for the current year.

Two Harbors Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Two Harbors Investments’s dividend payout ratio is currently -64.86%.

About Two Harbors Investments

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.