Two Harbors Investments Corp (TWO) To Go Ex-Dividend on July 2nd

Two Harbors Investments Corp (NYSE:TWO) announced a quarterly dividend on Thursday, June 18th. Investors of record on Thursday, July 2nd will be paid a dividend of 0.34 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Thursday, July 2nd.

Two Harbors Investments has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Two Harbors Investments has a dividend payout ratio of 90.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Two Harbors Investments to earn $1.08 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 125.9%.

Two Harbors Investments Trading Up 0.4%

Shares of TWO stock opened at $12.37 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.30 billion, a P/E ratio of -3.24 and a beta of 1.04. The company has a 50 day moving average of $12.00 and a 200-day moving average of $11.38. Two Harbors Investments has a 12-month low of $8.78 and a 12-month high of $14.17.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%.The business had revenue of $225.08 million for the quarter, compared to the consensus estimate of $2.33 million. Sell-side analysts anticipate that Two Harbors Investments will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On Two Harbors Investments

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new position in Two Harbors Investments during the 1st quarter valued at about $344,000. Millennium Management LLC increased its position in Two Harbors Investments by 10.6% during the 1st quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock valued at $16,119,000 after purchasing an additional 115,698 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Two Harbors Investments by 24.6% in 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 worth $1,933,000 after buying an additional 28,535 shares during the period. Intech Investment Management LLC lifted its stake in shares of Two Harbors Investments by 54.4% in the 1st 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 period. Finally, Norges Bank bought a new stake in shares of Two Harbors Investments during the second quarter valued at approximately $955,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.