Two Harbors Investment Corp. (TWO) Declares Quarterly Dividend of $0.28
Two Harbors Investment Corp. (NYSE:TWO) announced a quarterly dividend on Wednesday, September 11th, StockRatingsNetwork reports. Investors of record on Thursday, September 26th will be paid a dividend of $0.28 per share on Wednesday, October 23rd. This represents a $1.12 annualized dividend and a dividend yield of 11.52%.
A number of analysts have recently weighed in on TWO shares. Analysts at Ladenburg Thalmann upgraded shares of Two Harbors Investment Corp. (NYSE:TWO) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, August 21st. They now have a $11.25 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at Zacks downgraded shares of Two Harbors Investment Corp. (NYSE:TWO) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $9.30 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Two Harbors Investment Corp. (NYSE:TWO) from $12.00 to $11.50 in a research note to investors on Friday, August 9th.
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $12.16.
Shares of Two Harbors Investment Corp. (NYSE:TWO) traded up 1.57% on Wednesday, hitting $9.72. 4,893,629 shares of the company’s stock traded hands. Two Harbors Investment Corp. has a one year low of $8.95 and a one year high of $13.054. The stock’s 50-day moving average is $9.70 and its 200-day moving average is $11.03. The company has a market cap of $3.555 billion and a price-to-earnings ratio of 3.98.
Two Harbors Investment Corp. (NYSE:TWO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.10. The company had revenue of $145.30 million for the quarter. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 37.2% on a year-over-year basis.
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.