Two Harbors Investment Corp. (TWO) To Go Ex-Dividend on January 3rd

Two Harbors Investment Corp. (NYSE:TWO) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Shareholders of record on Friday, January 3rd will be given a dividend of 0.45 per share by the real estate investment trust on Wednesday, January 29th. This represents a $1.80 annualized dividend and a yield of 15.65%. The ex-dividend date of this dividend is Friday, January 3rd.

Two Harbors Investment has raised its dividend payment by an average of 1,259.4% per year over the last three years. Two Harbors Investment has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Two Harbors Investment to earn $0.85 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 211.8%.

Two Harbors Investment Stock Down 0.1 %

Shares of NYSE:TWO opened at $11.50 on Friday. The company has a market capitalization of $1.19 billion, a PE ratio of -2.39 and a beta of 1.85. Two Harbors Investment has a 1 year low of $11.28 and a 1 year high of $14.54. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day moving average price of $12.01 and a two-hundred day moving average price of $12.95.

Two Harbors Investment (NYSE:TWO) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $112.64 million during the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter in the previous year, the firm posted ($0.01) EPS. Analysts forecast that Two Harbors Investment will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on TWO. JPMorgan Chase & Co. dropped their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada cut their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JMP Securities lowered their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. StockNews.com raised Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. Finally, Compass Point reduced their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.71.

About Two Harbors Investment

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.