Two Harbors Investment Corp Declares Quarterly Dividend of $0.26 (TWO)
Two Harbors Investment Corp (NYSE:TWO) declared a quarterly dividend on Tuesday, June 17th, AnalystRatings.NET reports. Investors of record on Wednesday, July 2nd will be given a dividend of 0.26 per share on Tuesday, July 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 9.88%.
A number of research firms have recently commented on TWO. Analysts at Credit Suisse raised their price target on shares of Two Harbors Investment Corp from $11.00 to $11.50 in a research note on Tuesday, May 27th. Analysts at Wunderlich upgraded shares of Two Harbors Investment Corp to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $11.00 price target on the stock, down previously from $11.50. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Two Harbors Investment Corp currently has an average rating of “Buy” and an average price target of $10.98.
Two Harbors Investment Corp (NYSE:TWO) traded down 0.57% on Tuesday, hitting $10.53. 2,189,266 shares of the company’s stock traded hands. Two Harbors Investment Corp has a 1-year low of $8.94 and a 1-year high of $11.21. The stock has a 50-day moving average of $10.3 and a 200-day moving average of $10.04. The company has a market cap of $3.855 billion and a price-to-earnings ratio of 9.57.
Two Harbors Investment Corp (NYSE:TWO) last announced its earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.01. The company had revenue of $112.50 million for the quarter. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis.
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
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