Two Harbors Investments Corp Company Profile (NYSE:TWO)

Two Harbors Investments Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "TWO."

Two Harbors Investments Corp declared a quarterly dividend on Friday, June 16th. Investors of record on Friday, June 30th will be given a dividend of $0.26 per share on Thursday, July 27th. This represents a $1.04 annualized dividend and a yield of 10.73%. The ex-dividend date of this dividend is Wednesday, June 28th. This is a boost from Two Harbors Investments Corp's previous quarterly dividend of $0.25. View Two Harbors Investments Corp's Dividend History.

Two Harbors Investments Corp (NYSE:TWO) released its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The company earned $116.20 million during the quarter, compared to analyst estimates of $107.90 million. Two Harbors Investments Corp had a return on equity of 9.81% and a net margin of 74.05%. The firm's quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company posted $0.21 EPS. View Two Harbors Investments Corp's Earnings History.

Two Harbors Investments Corp is scheduled to release their next quarterly earnings announcement on Monday, August, 7th 2017. View Earnings Estimates for Two Harbors Investments Corp.

9 brokerages have issued 12-month target prices for Two Harbors Investments Corp's shares. Their forecasts range from $9.00 to $10.50. On average, they anticipate Two Harbors Investments Corp's stock price to reach $9.69 in the next year. View Analyst Ratings for Two Harbors Investments Corp.

Here are some recent quotes from research analysts about Two Harbors Investments Corp stock:

• 1. According to Zacks Investment Research, "Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. " (7/20/2017)
• 2. Maxim Group analysts commented, "TWO announced that it is contributing its portfolio of commercial real estate loans to a new REIT (Granite Point Mortgage Trust) in conjunction with Granite Point’s IPO, and then distributing shares of Granite Point to TWO shareholders as a special dividend (after the expiration of a customary lock-up period)." (6/7/2017)
• 3. FBR & Co analysts commented, "Two Harbors reported 4Q16 core EPS of $0.24, in line with Street and FBR estimates and ahead of the $0.23 quarterly dividend. GAAP EPS came in at $0.98, as higher interest rates in the quarter yielded material gains on the hedging portfolio and a write-up of the MSR, which were partially offset by a markdown on the MBS portfolio. Book value per share declined by 2.3% QOQ to $9.78, which reflected rate volatility and was slightly weaker than our estimated book value decline of 1.6%. We were encouraged by continued expansion of the CRE lending platform, an initiative that should support a stronger multiple over time, as well as the growth in the MSR portfolio that should act as a hedge against an increase in rates. With a dividend we believe secure and clear progress toward diversifying the business, we see upside potential over the long term but maintain a more balanced view until further progress is made." (2/8/2017)

Some companies that are related to Two Harbors Investments Corp include American Campus Communities (ACC), American Homes 4 Rent (AMH), Colony Starwood Homes (SFR), Education Realty Trust (EDR), Monogram Residential Trust (MORE), Associated Estates Realty (AEC), ARMOUR Residential REIT (ARR), New Senior Investment Group (SNR), Altisource Residential Corporation (RESI), UMH Properties (UMH), Campus Crest Communities (CCG), NexPoint Residential Trust (NXRT), NexPoint Residential Trust (NXRT), American Residential Properties (ARPI), Preferred Apartment Communities (APTS), Bluerock Residential Growth REIT (BRG), Bluerock Residential Growth REIT (BRG) and Colony Capital (CLNY).

Two Harbors Investments Corp's management team includes the folowing people:

• Brian C. Taylor, Chairman of the Board
• Thomas E. Siering, President, Chief Executive Officer, Director
• Brad Farrell, Chief Financial Officer, Treasurer
• William Roth, Chief Investment Officer, Director
• Rebecca B. Sandberg, General Counsel, Secretary
• Stephen Garfield Kasnet, Lead Independent Director
• Edward Spencer Abraham, Independent Director
• James J. Bender, Independent Director
• Lisa Anne Pollina, Independent Director
• W. Reid Sanders, Independent Director

Two Harbors Investments Corp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Treasurer State of Michigan (4.47%), Russell Investments Group Ltd. (1.11%), Aperio Group LLC (0.23%), Bank of Montreal Can (0.22%), KAMES CAPITAL plc (0.21%) and Clear Harbor Asset Management LLC (0.12%). Company insiders that own Two Harbors Investments Corp stock include Brad Farrell, Mary Kathryn Riskey, Rebecca B Sandberg, Stephen G Kasnet, Thomas Siering and William Roth. View Institutional Ownership Trends for Two Harbors Investments Corp.

Two Harbors Investments Corp's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Berson & Corrado Investment Advisors LLC, BB&T Corp, Parkwood LLC, ICM Asset Management Inc. WA, Clear Harbor Asset Management LLC and US Bancorp DE. Company insiders that have sold Two Harbors Investments Corp stock in the last year include Brad Farrell, Mary Kathryn Riskey and Rebecca B Sandberg. View Insider Buying and Selling for Two Harbors Investments Corp.

Two Harbors Investments Corp's stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, James Investment Research Inc., Opera Trading Capital, Aperio Group LLC, Acadian Asset Management LLC, Nisa Investment Advisors LLC, Cue Financial Group Inc. and Greenleaf Trust. Company insiders that have bought Two Harbors Investments Corp stock in the last two years include Stephen G Kasnet, Thomas Siering and William Roth. View Insider Buying and Selling for Two Harbors Investments Corp.

Shares of Two Harbors Investments Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Two Harbors Investments Corp stock can currently be purchased for approximately $9.69.