Two Harbors Investment Corp. (TWO) To Go Ex-Dividend on April 4th

Two Harbors Investment Corp. (NYSE:TWO) declared a quarterly dividend on Wednesday, March 19th, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be given a dividend of 0.45 per share by the real estate investment trust on Tuesday, April 29th. This represents a $1.80 annualized dividend and a dividend yield of 13.57%. The ex-dividend date of this dividend is Friday, April 4th.

Two Harbors Investment has raised its dividend by an average of 38.2% per year over the last three years. Two Harbors Investment has a payout ratio of 108.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Two Harbors Investment Stock Down 0.7 %

TWO opened at $13.27 on Wednesday. The company’s 50-day moving average price is $13.31 and its two-hundred day moving average price is $12.61. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. Two Harbors Investment has a twelve month low of $10.84 and a twelve month high of $14.28. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 6.29 and a beta of 1.86.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, equities analysts expect that Two Harbors Investment will post 0.81 earnings per share for the current year.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction of $33,190.56. Following the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CIO Nicholas Letica sold 6,040 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.13, for a total transaction of $67,225.20. Following the transaction, the executive now owns 174,672 shares in the company, valued at $1,944,099.36. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,136 shares of company stock worth $377,154. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TWO has been the subject of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Royal Bank of Canada boosted their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Two Harbors Investment currently has an average rating of “Moderate Buy” and an average target price of $13.96.

About Two Harbors Investment

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.