Two Harbors Investments Corp. (NYSE:TWO) declared a quarterly dividend on Friday, September 16th. Investors of record on Friday, September 30th will be paid a dividend of 0.23 per share by the real estate investment trust on Thursday, October 20th. This represents a $0.92 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend is Wednesday, September 28th.

In other news, CEO Thomas Siering acquired 3,500 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were bought at an average cost of $8.99 per share, for a total transaction of $31,465.00. Following the acquisition, the chief executive officer now owns 862,053 shares in the company, valued at approximately $7,749,856.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in Two Harbors Investments Corp. by 10.2% in the second quarter. BlackRock Fund Advisors now owns 11,249,382 shares of the real estate investment trust’s stock valued at $96,295,000 after buying an additional 1,042,096 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Two Harbors Investments Corp. by 59.9% in the second quarter. Parametric Portfolio Associates LLC now owns 3,514,996 shares of the real estate investment trust’s stock valued at $30,088,000 after buying an additional 1,317,152 shares during the last quarter. Credit Suisse AG boosted its stake in Two Harbors Investments Corp. by 15.1% in the second quarter. Credit Suisse AG now owns 1,201,095 shares of the real estate investment trust’s stock valued at $10,282,000 after buying an additional 157,639 shares during the last quarter. Allianz Asset Management AG boosted its stake in Two Harbors Investments Corp. by 15.9% in the second quarter. Allianz Asset Management AG now owns 1,101,564 shares of the real estate investment trust’s stock valued at $9,429,000 after buying an additional 151,435 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in Two Harbors Investments Corp. by 165.2% in the second quarter. Citadel Advisors LLC now owns 910,061 shares of the real estate investment trust’s stock valued at $7,790,000 after buying an additional 566,934 shares during the last quarter. Institutional investors own 70.07% of the company’s stock.

Shares of Two Harbors Investments Corp. (NYSE:TWO) opened at 8.97 on Friday. The stock has a market capitalization of $3.12 billion, a P/E ratio of 45.53 and a beta of 0.56. The firm’s 50-day moving average price is $8.93 and its 200-day moving average price is $8.42. Two Harbors Investments Corp. has a 12 month low of $6.91 and a 12 month high of $9.63.

Two Harbors Investments Corp. (NYSE:TWO) last announced its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. Two Harbors Investments Corp. had a return on equity of 8.48% and a net margin of 15.46%. The firm earned $100.80 million during the quarter, compared to analyst estimates of $95.48 million. During the same quarter in the previous year, the business earned $0.22 EPS. Two Harbors Investments Corp.’s revenue for the quarter was down 14.2% compared to the same quarter last year. On average, equities research analysts forecast that Two Harbors Investments Corp. will post $0.41 EPS for the current year.

A number of brokerages recently commented on TWO. Deutsche Bank AG set a $9.80 price target on Two Harbors Investments Corp. and gave the company a “buy” rating in a research note on Saturday, August 6th. Zacks Investment Research lowered Two Harbors Investments Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. JPMorgan Chase & Co. reissued a “buy” rating and set a $9.50 price target on shares of Two Harbors Investments Corp. in a research note on Friday, August 5th. FBR & Co reissued a “buy” rating on shares of Two Harbors Investments Corp. in a research note on Friday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on Two Harbors Investments Corp. from $9.00 to $9.50 and gave the company an “outperform” rating in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Two Harbors Investments Corp. has an average rating of “Hold” and an average price target of $9.53.

About Two Harbors Investments Corp.

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. The Company’s target asset classes include Agency RMBS collateralized by fixed rate mortgage loans, adjustable-rate mortgage (ARM) loans or hybrid mortgage loans, including mortgage pass-through certificates, collateralized mortgage obligations, the Federal Home Loan Mortgage Corporation gold certificates, the Federal National Mortgage Association certificates, the Government National Mortgage Association (Ginnie Mae) certificates, to-be-announced forward contracts, and interest-only and inverse interest-only securities; Non-Agency RMBS, including both senior and mezzanine RMBS, and floating and fixed rate commercial real estate loans.

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