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

Two Harbors Investments Corp (NYSE:TWO) declared a quarterly dividend on Thursday, June 18th. Investors 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 of this dividend is Thursday, July 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 annually for the last 1 consecutive years. Two Harbors Investments has a dividend payout ratio of 90.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities 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 Stock Up 0.6%

Shares of NYSE TWO opened at $12.37 on Friday. The company has a 50 day simple moving average of $11.97 and a 200 day simple moving average of $11.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 1.06. Two Harbors Investments has a 1 year low of $8.78 and a 1 year high of $14.17. The firm has a market cap of $1.30 billion, a PE ratio of -3.24 and a beta of 1.04.

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

Analysts Set New Price Targets

TWO has been the topic of several analyst reports. Compass Point reissued a “neutral” rating and issued a $13.00 price objective on shares of Two Harbors Investments in a research note on Tuesday, June 9th. JPMorgan Chase & Co. lowered Two Harbors Investments from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $12.50 to $11.00 in a research report on Thursday, April 16th. Weiss Ratings raised Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Finally, Zacks Research upgraded Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Two Harbors Investments presently has an average rating of “Reduce” and an average target price of $12.50.

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.