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

Two Harbors Investment Corp. (NYSE:TWO) announced 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 dividend on an annualized basis and a dividend yield of 13.13%. The ex-dividend date is Tuesday, October 1st.

Two Harbors Investment has raised its dividend payment by an average of 1,259.4% annually over the last three years. Two Harbors Investment has a payout ratio of 104.0% meaning 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 %

NYSE TWO opened at $13.71 on Monday. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 7.70 and a beta of 1.86. Two Harbors Investment has a twelve month low of $9.83 and a twelve month high of $14.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. The business’s fifty day moving average is $13.71 and its 200 day moving average is $13.16.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. Two Harbors Investment had a return on equity of 3.64% and a net margin of 27.71%. The firm had revenue of $115.95 million for the quarter. During the same period in the previous year, the business posted ($0.04) earnings per share. As a group, sell-side analysts expect that Two Harbors Investment will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

TWO has been the subject of several recent research reports. Janney Montgomery Scott initiated coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They issued a “buy” rating and a $15.00 price target for the company. UBS Group raised Two Harbors Investment from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.50 to $14.50 in a research report on Friday, June 7th. JPMorgan Chase & Co. upped their price target on Two Harbors Investment from $12.50 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. JMP Securities reissued a “market outperform” rating and issued a $15.00 price target on shares of Two Harbors Investment in a research note on Wednesday, August 28th. Finally, StockNews.com cut Two Harbors Investment from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Two Harbors Investment currently has a consensus rating of “Hold” and a consensus price target of $14.90.

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.