Two Harbors Investment Corp. (NYSE:TWO) Announces Quarterly Dividend of $0.45

Two Harbors Investment Corp. (NYSE:TWO) declared a quarterly dividend on Thursday, September 19th, NASDAQ reports. Shareholders of record on Tuesday, October 1st will be given a dividend of 0.45 per share by the real estate investment trust on Tuesday, October 29th. This represents a $1.80 annualized dividend and a yield of 13.13%. The ex-dividend date of this dividend is Tuesday, October 1st.

Two Harbors Investment has increased its dividend by an average of 1,259.4% per year over the last three years. Two Harbors Investment has a payout ratio of 104.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Two Harbors Investment to earn $0.82 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 219.5%.

Two Harbors Investment Trading Down 0.1 %

Shares of Two Harbors Investment stock opened at $13.71 on Monday. The stock has a fifty day moving average price of $13.71 and a 200-day moving average price of $13.16. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $1.42 billion, a PE ratio of 7.70 and a beta of 1.86. Two Harbors Investment has a 1 year low of $9.83 and a 1 year high of $14.59.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. The business had revenue of $115.95 million for the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same period in the prior year, the firm posted ($0.04) EPS. Equities research analysts anticipate that Two Harbors Investment will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. UBS Group raised Two Harbors Investment from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.50 to $14.50 in a research report on Friday, June 7th. StockNews.com lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Saturday. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price objective on shares of Two Harbors Investment in a report on Wednesday, August 28th. Finally, Janney Montgomery Scott assumed coverage on shares of Two Harbors Investment in a research note on Friday, August 16th. They issued a “buy” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.90.

Two Harbors Investment Company Profile

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.