Two Harbors Investments Corp (NYSE:TWO) to Issue $0.34 Quarterly Dividend

Two Harbors Investments Corp (NYSE:TWO) announced a quarterly dividend on Thursday, June 18th. Shareholders of record on Thursday, July 2nd will be paid a dividend of 0.34 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Thursday, July 2nd.

Two Harbors Investments has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Two Harbors Investments has a payout ratio of 90.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Two Harbors Investments to earn $1.08 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 125.9%.

Two Harbors Investments Trading Up 0.6%

NYSE TWO opened at $12.37 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. Two Harbors Investments has a 52 week low of $8.78 and a 52 week high of $14.17. The business has a 50 day moving average price of $11.97 and a 200-day moving average price of $11.37. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -3.24 and a beta of 1.04.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%.The company had revenue of $225.08 million for the quarter, compared to analysts’ expectations of $2.33 million. As a group, equities analysts expect that Two Harbors Investments will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Two Harbors Investments

Several institutional investors have recently bought and sold shares of the stock. Quarry LP grew its stake in shares of Two Harbors Investments by 695.6% in the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,991 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Two Harbors Investments by 34.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 981 shares during the last quarter. Advisory Services Network LLC bought a new stake in Two Harbors Investments in the 3rd quarter worth about $42,000. Kemnay Advisory Services Inc. bought a new stake in Two Harbors Investments in the 4th quarter worth about $68,000. Finally, Los Angeles Capital Management LLC bought a new stake in Two Harbors Investments in the 4th quarter worth about $75,000. Institutional investors own 64.19% of the company’s stock.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.