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

Two Harbors Investment Corp. (NYSE:TWOGet Free Report) announced a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Stockholders of record on Thursday, April 4th will be given a dividend of 0.45 per share by the real estate investment trust on Monday, April 29th. This represents a $1.80 annualized dividend and a dividend yield of 13.64%. The ex-dividend date of this dividend is Wednesday, April 3rd.

Two Harbors Investment has raised its dividend by an average of 1.6% annually over the last three years. Two Harbors Investment has a dividend payout ratio of 93.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Two Harbors Investment Stock Down 0.3 %

Shares of NYSE TWO opened at $13.20 on Tuesday. Two Harbors Investment has a 1 year low of $9.83 and a 1 year high of $14.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.48. The company has a 50 day simple moving average of $12.84 and a 200-day simple moving average of $13.04. The company has a market capitalization of $1.37 billion, a P/E ratio of -6.60 and a beta of 1.87.

Insiders Place Their Bets

In related news, CEO William Ross Greenberg sold 9,878 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $14.05, for a total value of $138,785.90. Following the completion of the transaction, the chief executive officer now directly owns 280,912 shares of the company’s stock, valued at $3,946,813.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO William Ross Greenberg sold 9,878 shares of Two Harbors Investment stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $14.05, for a total transaction of $138,785.90. Following the completion of the sale, the chief executive officer now owns 280,912 shares of the company’s stock, valued at $3,946,813.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rebecca B. Sandberg sold 2,360 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $29,028.00. Following the completion of the transaction, the insider now directly owns 117,399 shares of the company’s stock, valued at approximately $1,444,007.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,417 shares of company stock worth $763,755. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investment

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Two Harbors Investment by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 38,631,309 shares of the real estate investment trust’s stock valued at $128,256,000 after buying an additional 641,168 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Two Harbors Investment by 10.8% in the 1st quarter. BlackRock Inc. now owns 16,693,244 shares of the real estate investment trust’s stock valued at $245,558,000 after acquiring an additional 1,624,206 shares in the last quarter. State Street Corp raised its holdings in shares of Two Harbors Investment by 2.6% in the 2nd quarter. State Street Corp now owns 13,064,956 shares of the real estate investment trust’s stock valued at $65,063,000 after acquiring an additional 332,585 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Two Harbors Investment by 20.7% during the 1st quarter. Invesco Ltd. now owns 4,846,112 shares of the real estate investment trust’s stock valued at $26,799,000 after buying an additional 830,513 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Two Harbors Investment by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,136,632 shares of the real estate investment trust’s stock valued at $22,876,000 after buying an additional 38,698 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. TheStreet lowered shares of Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th. JMP Securities upped their price target on shares of Two Harbors Investment from $12.50 to $15.00 and gave the stock a “market outperform” rating in a research report on Friday, December 15th. Keefe, Bruyette & Woods upped their price target on shares of Two Harbors Investment from $14.00 to $17.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 13th. StockNews.com lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, UBS Group started coverage on shares of Two Harbors Investment in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $14.50 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Two Harbors Investment has an average rating of “Hold” and an average price target of $14.63.

Read Our Latest Stock Analysis on Two Harbors Investment

Two Harbors Investment Company Profile

(Get Free Report)

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.

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Dividend History for Two Harbors Investment (NYSE:TWO)

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