Two Harbors Investment Corp. (TWO) to Issue Quarterly Dividend of $0.45 on April 29th

Two Harbors Investment Corp. (NYSE:TWO) declared a quarterly dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders 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 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 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 Stock Down 0.3 %

NYSE TWO opened at $13.84 on Friday. The stock has a market cap of $1.44 billion, a PE ratio of 6.56 and a beta of 1.86. Two Harbors Investment has a fifty-two week low of $10.84 and a fifty-two week high of $14.28. The business has a 50 day moving average price of $13.01 and a two-hundred day moving average price of $12.65. 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 (NYSE:TWO) last released its quarterly 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 return on equity of 6.52% and a net margin of 66.24%. As a group, sell-side analysts predict that Two Harbors Investment will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TWO. JPMorgan Chase & Co. upped their target price 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. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. 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. Royal Bank of Canada upped their target price on Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 target price 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.96.

Insiders Place Their Bets

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 5,025 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $56,330.25. Following the sale, the insider now directly owns 156,163 shares of the company’s stock, valued at $1,750,587.23. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CIO Nicholas Letica sold 6,040 shares of the stock in a transaction 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 completion of the sale, the executive now directly owns 174,672 shares in the company, valued at $1,944,099.36. This represents a 3.34 % 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 over the last three months. Company insiders own 0.61% of the company’s stock.

About Two Harbors Investment

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.