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

Two Harbors Investment Corp. (NYSE:TWO) declared a quarterly dividend on Tuesday, June 18th, NASDAQ reports. Investors of record on Friday, July 5th will be given a dividend of 0.45 per share by the real estate investment trust on Monday, July 29th. This represents a $1.80 annualized dividend and a yield of 13.71%. The ex-dividend date is Friday, July 5th.

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 dividend payout ratio of 97.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Two Harbors Investment to earn ($0.17) 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 -1,058.8%.

Two Harbors Investment Price Performance

TWO opened at $13.13 on Thursday. The firm has a market cap of $1.36 billion, a P/E ratio of 7.38 and a beta of 1.86. The firm has a 50-day moving average of $12.90 and a 200 day moving average of $12.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.09 and a current ratio of 1.09. Two Harbors Investment has a fifty-two week low of $9.83 and a fifty-two week high of $14.59.

Insider Transactions at Two Harbors Investment

In other news, CFO Mary Kathryn Riskey sold 3,870 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $12.68, for a total value of $49,071.60. Following the sale, the chief financial officer now directly owns 79,735 shares of the company’s stock, valued at $1,011,039.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO William Ross Greenberg sold 8,170 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $12.68, for a total value of $103,595.60. Following the sale, the chief executive officer now directly owns 255,909 shares of the company’s stock, valued at $3,244,926.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mary Kathryn Riskey sold 3,870 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $12.68, for a total transaction of $49,071.60. Following the completion of the sale, the chief financial officer now directly owns 79,735 shares in the company, valued at $1,011,039.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,335 shares of company stock valued at $376,316. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TWO shares. JPMorgan Chase & Co. reduced their price target on shares of Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. JMP Securities reiterated a “market outperform” rating and set a $15.00 target price on shares of Two Harbors Investment in a research report on Friday, June 7th. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. UBS Group upgraded shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and increased their target price for the stock from $13.50 to $14.50 in a research report on Friday, June 7th. Finally, Jonestrading began coverage on shares of Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating for the company. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.57.

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.