Two Harbors Investments Corp (NYSE:TWO) Announces Quarterly Dividend of $0.34

Two Harbors Investments Corp (NYSE:TWO) declared a quarterly dividend on Thursday, March 19th. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.34 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date is Thursday, April 2nd.

Two Harbors Investments has decreased its dividend by an average of 0.0%per year over the last three years and has raised 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 decline.

Two Harbors Investments Trading Up 13.2%

NYSE:TWO opened at $10.79 on Friday. Two Harbors Investments has a 1 year low of $8.78 and a 1 year high of $14.17. The business has a fifty day moving average of $11.31 and a 200-day moving average of $10.49. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -2.21 and a beta of 1.18.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Two Harbors Investments had a positive return on equity of 12.00% and a negative net margin of 109.90%.The company had revenue of $182.18 million for the quarter, compared to the consensus estimate of ($15.44) million. Equities analysts predict that Two Harbors Investments will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

TWO has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Zacks Research lowered Two Harbors Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. UBS Group downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and upped their price target for the company from $11.00 to $14.00 in a report on Friday, January 23rd. Maxim Group cut shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a research note on Monday, December 29th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $12.88.

Two Harbors Investments Company Profile

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.