Two Harbors Investment Corp. (TWO) To Go Ex-Dividend on October 1st

Two Harbors Investment Corp. (NYSE:TWO) announced a quarterly dividend on Thursday, September 19th, NASDAQ reports. Investors of record on Tuesday, October 1st will be paid 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 yield of 13.13%. The ex-dividend date of this dividend 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 dividend 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. Research 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 Price Performance

Shares of TWO opened at $13.71 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. Two Harbors Investment has a twelve month low of $9.83 and a twelve month high of $14.59. The stock has a market capitalization of $1.42 billion, a P/E ratio of 7.70 and a beta of 1.86. The company has a 50 day moving average of $13.71 and a 200-day moving average of $13.15.

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

Wall Street Analysts Forecast Growth

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