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

Two Harbors Investment Corp. (NYSE:TWO) announced a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Friday, April 4th will be given a dividend of 0.45 per share by the real estate investment trust on Tuesday, April 29th. This represents a $1.80 dividend on an annualized basis and a 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% per year over the last three years. Two Harbors Investment has a dividend payout ratio of 103.4% meaning 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 Trading Down 0.3 %

Shares of Two Harbors Investment stock traded down $0.04 during mid-day trading 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 firm has a market cap of $1.44 billion, a P/E ratio of 6.56 and a beta of 1.86. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average of $12.96 and a two-hundred day moving average of $12.64. Two Harbors Investment has a 12-month low of $10.84 and a 12-month high of $14.28.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Sell-side analysts forecast that Two Harbors Investment will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Transactions at Two Harbors Investment

In other Two Harbors Investment news, CIO Nicholas Letica sold 6,040 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.13, for a total transaction of $67,225.20. Following the sale, the executive now directly owns 174,672 shares in the company, valued at approximately $1,944,099.36. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rebecca B. Sandberg sold 3,785 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.14, for a total value of $42,164.90. Following the transaction, the insider now directly owns 152,378 shares of the company’s stock, valued at $1,697,490.92. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,136 shares of company stock valued at $377,154. Corporate insiders own 0.61% of the company’s stock.

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.