Two Harbors Investments Corp (NYSE:TWO) Plans $0.39 Quarterly Dividend

Two Harbors Investments Corp (NYSE:TWO - Get Free Report) declared a quarterly dividend on Friday, June 20th, Wall Street Journal reports. Investors of record on Thursday, July 3rd will be paid a dividend of 0.39 per share by the real estate investment trust on Tuesday, July 29th. This represents a $1.56 annualized dividend and a yield of 15.04%. The ex-dividend date of this dividend is Thursday, July 3rd.

Two Harbors Investments has a payout ratio of 120.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Two Harbors Investments Trading Down 0.8%

Shares of NYSE TWO traded down $0.08 during trading on Monday, reaching $10.37. The company had a trading volume of 2,427,521 shares, compared to its average volume of 1,300,920. The stock has a market cap of $1.08 billion, a P/E ratio of -20.33 and a beta of 1.28. The company's fifty day moving average price is $11.25 and its 200-day moving average price is $12.09. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. Two Harbors Investments has a 12 month low of $10.16 and a 12 month high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). Two Harbors Investments had a return on equity of 8.06% and a net margin of 3.50%. The company had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million. As a group, research analysts expect that Two Harbors Investments will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

TWO has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price target on Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Wall Street Zen lowered Two Harbors Investments from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. JMP Securities cut their target price on Two Harbors Investments from $14.00 to $13.50 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods raised their target price on Two Harbors Investments from $12.95 to $13.25 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Two Harbors Investments has a consensus rating of "Hold" and a consensus target price of $13.14.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TWO. Millennium Management LLC boosted its position in shares of Two Harbors Investments by 10.6% during the first quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust's stock valued at $16,119,000 after buying an additional 115,698 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Two Harbors Investments by 54.4% in the first quarter. Intech Investment Management LLC now owns 91,847 shares of the real estate investment trust's stock valued at $1,227,000 after purchasing an additional 32,361 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Two Harbors Investments by 24.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 144,670 shares of the real estate investment trust's stock valued at $1,933,000 after purchasing an additional 28,535 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in Two Harbors Investments during the first quarter worth about $344,000. Institutional investors and hedge funds own 64.19% of the company's stock.

About Two Harbors Investments

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.