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

Two Harbors Investment Corp. (NYSE:TWO) announced a quarterly dividend on Wednesday, March 19th, Wall Street Journal reports. Stockholders 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 dividend yield of 13.01%. The ex-dividend date is Friday, April 4th.

Two Harbors Investment has raised its dividend payment by an average of 38.2% per year 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 Performance

TWO traded down $0.04 during trading on Thursday, reaching $13.84. 977,719 shares of the company’s stock were exchanged, compared to its average volume of 1,051,288. The company has a market capitalization 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 business has a 50 day moving average price of $12.96 and a 200 day moving average price of $12.64. Two Harbors Investment has a fifty-two week low of $10.84 and a fifty-two week high of $14.28.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share 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, analysts predict that Two Harbors Investment will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, CIO Nicholas Letica sold 3,956 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $44,346.76. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Rebecca B. Sandberg sold 2,561 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the transaction, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,136 shares of company stock worth $377,154 over the last quarter. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank of Canada increased 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 research note on Thursday, February 13th. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Compass Point cut their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently 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.