Two Harbors Investment Corp. (NYSE:TWO) declared a quarterly dividend of $0.17

Two Harbors Investment Corp. (NYSE:TWO – Get Rating ) announced a quarterly dividend on Wednesday, September 21st, Zacks reports. Shareholders of record on Monday, October 3rd will be paid a dividend of 0.17 per share by the real estate investment trust on Friday, October 28th. This represents an annualized dividend of $0.68 and a dividend yield of 15.42%. This ex-dividend date is Friday, September 30th.

Two Harbors Investment has cut its dividend payment by an average of 28.8% per year over the past three years. Two Harbors Investment has a payout ratio of 87.2% meaning that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Two Harbors Investment to earn $0.62 per share next year, which means the company may not be able to cover its $0.68 annual dividend with an expected future payout ratio of 109.7% .

Two Harbors Investment Price Performance

TWO opened at $4.41 on Friday. The stock has a fifty day moving average of $5.00 and a 200 day moving average of $5.06. The company has a market cap of $1.52 billion, a P/E ratio of 7.35 and a beta of 1.59. Two Harbors Investment has a 12 month low of $4.26 and a 12 month high of $6.81. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Shares of Two Harbors Investment are set to reverse on Wednesday, November 2nd. The 1-4 reverse split was announced on Wednesday, November 2nd. The number of shares held by shareholders will be adjusted after the market closes on Wednesday, November 2nd.

Institutional Trading of Two Harbors Investment

Several hedge funds and other institutional investors have recently modified their holdings of TWO. Sequoia Financial Advisors LLC bought a new stake in shares of Two Harbors Investment during the first quarter valued at $58,000. Private Advisor Group LLC acquired a new position in Two Harbors Investment during the first quarter valued at $68,000. Kore Private Wealth LLC acquired a new position in Two Harbors Investment during the second quarter valued at $84,000. Captrust Financial Advisors acquired a new position in Two Harbors Investment during the second quarter valued at $96,000. Finally, Mackenzie Financial Corp boosted its position in Two Harbors Investment by 21.7% during the first quarter. Mackenzie Financial Corp now owns 21,481 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 3,829 shares during the last quarter. 63.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street analysts predict growth

Separately, JMP Securities restated a “buy” rating and issued a $5.50 target price on shares of Two Harbors Investment in a report on Wednesday, July 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Two Harbors Investment currently has an average rating of “Hold” and a consensus price target of $5.65, according to MarketBeat data.

About Two Harbors Investment

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Two Harbors Investment Corp. operates as a real estate investment trust (REIT) focused on investing, financing and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights and other financial assets in the United States. Its target assets include agency RMBS backed by fixed rate mortgages, adjustable rate mortgages and hybrid adjustable rate mortgages (ARMs). and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedged transactions.

Selected stories

Dividend History for Two Harbors Investment (NYSE:TWO)

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