Two Harbors Investment Corp. (NYSE:TWO) to Issue Quarterly Dividend of $0.45

Two Harbors Investment Corp. (NYSE:TWO) announced a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be paid a dividend of 0.45 per share by the real estate investment trust on Tuesday, April 29th. This represents a $1.80 annualized dividend and a dividend yield of 13.01%. The ex-dividend date of this dividend is Friday, April 4th.

Two Harbors Investment has raised its dividend by an average of 38.2% annually over the last three years. Two Harbors Investment has a payout ratio of 103.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Two Harbors Investment Stock Down 0.3 %

NYSE:TWO traded down $0.04 during trading hours on Thursday, hitting $13.84. The stock had a trading volume of 977,718 shares, compared to its average volume of 1,051,288. The company has a market cap of $1.44 billion, a PE ratio of 6.56 and a beta of 1.86. The business has a 50 day simple moving average of $12.96 and a two-hundred day simple moving average of $12.64. Two Harbors Investment has a 1-year low of $10.84 and a 1-year high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Analysts predict that Two Harbors Investment will post 0.81 EPS for the current year.

Insider Transactions at Two Harbors Investment

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 3,785 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.14, for a total transaction of $42,164.90. Following the sale, the insider now owns 152,378 shares in the company, valued at approximately $1,697,490.92. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Nicholas Letica sold 3,956 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $44,346.76. Following the sale, the executive now directly owns 180,712 shares of the company’s stock, valued at $2,025,781.52. This represents a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,136 shares of company stock valued at $377,154 in the last quarter. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

TWO has been the subject of a number of recent analyst reports. JMP Securities restated a “market outperform” rating and set a $14.00 price objective on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Royal Bank of Canada upped their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Compass Point decreased their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. JPMorgan Chase & Co. upped their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Two Harbors Investment presently has a consensus rating of “Moderate Buy” and an average target price of $13.96.

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.