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

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) announced a quarterly dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 13.08%. 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 108.4% 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 Up 0.5 %

TWO stock traded up $0.07 during midday trading on Monday, hitting $13.77. The company's stock had a trading volume of 930,606 shares, compared to its average volume of 1,058,172. The firm has a 50-day simple moving average of $13.06 and a 200-day simple moving average of $12.63. The firm has a market capitalization of $1.43 billion, a P/E ratio of 6.52 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. Two Harbors Investment has a 52-week low of $10.84 and a 52-week high of $14.28.

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

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Insider Activity

In other Two Harbors Investment news, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $11.13, for a total value of $67,225.20. Following the sale, the executive now owns 174,672 shares of the company's stock, valued at approximately $1,944,099.36. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the transaction, the insider now directly owns 146,803 shares of the company's stock, valued at approximately $1,902,566.88. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,136 shares of company stock valued at $377,154. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

TWO has been the subject of a number of recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Compass Point cut their target price on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating on the stock in a research report on Monday, November 25th. JPMorgan Chase & Co. boosted their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. StockNews.com raised Two Harbors Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada increased their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.