Two Harbors Investment Corp. (NYSE:TWO) Announces $0.17 Quarterly Dividend

İki Liman Investment Inc. (NYSE:TWO – Get Rating) announced on Wednesday (September 21st) that it will pay quarterly dividends, Zacks reported. Record shareholders on Monday, October 3, will be paid a dividend of 0.17 per share by the real estate investment trust on Friday, October 28. That translates to $0.68 dividend and 15.42% annual dividend yield. The old dividend distribution date of this dividend is Friday, September 30.

Two Harbors Investment has reduced its dividend payout by an average of 28.8% annually over the past three years. Two Harbors Investment’s payout ratio is 87.2%, meaning the dividend is currently paid off 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 will not be able to meet its $0.68 annual dividend with an expected future payout ratio of 109.7%.

Two Port Investment Price Performance

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

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

Institutional Trade of Two Ports Investment

Several hedge funds and other institutional investors have changed their holdings in TWO recently. Sequoia Financial Advisors LLC purchased $58,000 worth of new shares in the first quarter of Two Harbors Investment. Private Advisor Group LLC took a new position in Two Harbors Investment worth $68,000 in the first quarter. Korea Private Wealth LLC took a new position in Two Harbors Investment worth $84,000 in the second quarter. Captrust Financial Advisors took a new position in Two Harbors Investment worth $96,000 in the second quarter. Finally, Mackenzie Financial Corp increased its position in Two Harbors Investment by 21.7% in the first quarter. Mackenzie Financial Corp owns 21,481 shares of the $119,000 real estate investment trust, after purchasing an additional 3,829 shares last quarter. 63.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Growth Forecast

Separately, JMP Securities re-reported a “buy” rating on Wednesday, July 6, and issued a $5.50 target price for shares of Two Harbors Investment. Four analysts rated the stock with a holding rating, and two gave the company’s stock a buy rating. According to data from MarketBeat, Two Harbors Investment currently has an average “Hold” rating and a consensus price target of $5.65.

About the Two Port Investment

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Two Harbors Investment Corp. operates in the UK 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. . States. Its target assets include agency RMBS collateralized with fixed-rate mortgage loans, adjustable-rate mortgages and hybrid adjustable-rate mortgages (ARMs); and other assets, such as financial and mortgage-related assets, including non-intermediary securities and hedging transactions.

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Dividend History of Two Harbors Investment (NYSE:TWO)

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