AQR Capital Management LLC Takes Position in Two Harbors Investment Corp. (NYSE:TWO)

AQR Capital Management LLC acquired a new stake in shares of Two Harbors Investment Corp. (NYSE:TWO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,114 shares of the real estate investment trust’s stock, valued at approximately $147,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in Two Harbors Investment by 48.2% in the second quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock worth $11,324,000 after acquiring an additional 278,666 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Two Harbors Investment by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,702 shares of the real estate investment trust’s stock worth $1,188,000 after purchasing an additional 5,284 shares during the last quarter. TrueMark Investments LLC bought a new stake in Two Harbors Investment in the second quarter worth about $577,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Two Harbors Investment by 155.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,317,877 shares of the real estate investment trust’s stock worth $18,516,000 after purchasing an additional 801,837 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Two Harbors Investment by 10.7% in the first quarter. Vanguard Group Inc. now owns 11,706,755 shares of the real estate investment trust’s stock worth $154,997,000 after purchasing an additional 1,135,012 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Up 0.7 %

TWO opened at $13.16 on Friday. Two Harbors Investment Corp. has a twelve month low of $9.83 and a twelve month high of $14.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $13.58 and a 200 day moving average price of $13.16. The company has a market cap of $1.36 billion, a PE ratio of 32.09 and a beta of 1.85.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.15. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. The company had revenue of $115.95 million during the quarter. During the same period in the prior year, the company posted ($0.04) EPS. Sell-side analysts expect that Two Harbors Investment Corp. will post 0.46 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 1st will be paid a $0.45 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 13.68%. Two Harbors Investment’s dividend payout ratio (DPR) is 439.02%.

Analyst Ratings Changes

Several analysts have issued reports on TWO shares. Compass Point started coverage on shares of Two Harbors Investment in a research note on Thursday, October 3rd. They issued a “buy” rating and a $15.75 price objective for the company. JMP Securities decreased their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note on Thursday. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Sunday, October 6th. JPMorgan Chase & Co. lifted their price target on shares of Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Finally, Janney Montgomery Scott started coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They set a “buy” rating and a $15.00 price target for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.96.

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.