Two Harbors Investment Corp (NYSE:TWO) had declared a cash dividend of $0.2300 on Sep 15, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 15, 2016 share price, the yield comes out to be 10.3955%. The dividend payable date has been fixed on Oct 20, 2016.
In a different note, On Sep 6, 2016, FBR Capital said it Downgrades its rating on Two Harbors Investment Corp. The shares have been rated ‘Market Perform’ by the firm. On Aug 8, 2016, Keefe Bruyette & Woods said it Maintains its rating on Two Harbors Investment Corp. In the research note, the firm Raises the price-target to $9.00 per share. The shares have been rated ‘Outperform’ by the firm.
Two Harbors Investment Corp (TWO) remained unchanged at the close of Tuesday session. Even as the volume increased to 16,59,357 ,the shares failed to make any impression and ended at 0 points or 0.00% at $8.79. The trading session commenced at $8.82 and the stock hit a high of $8.85 and touched $8.79 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $9.68 and the 52-week low is $6.905. The company has a market cap of $3,056 M and has approximately 34,76,26,800 outstanding shares.
Two Harbors Investment Corp(TWO) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $100.81M. Analysts had an estimated revenue of $89.40M. Earnings per share were $0.22.
Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Thomas Siering (CEO) purchased 3,500 shares at $8.99 per share price.Also, On Jun 1, 2016, Rebecca B Sandberg (General Counsel and Secretary) sold 6,488 shares at $8.48 per share price.On Jun 1, 2016, Mary Kathryn Riskey (Chief Accounting Officer) sold 2,127 shares at $8.48 per share price, according to the Form-4 filing with the securities and exchange commission.
Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Company’s investment objective is to provide risk-adjusted total return to its stockholders over the long-term primarily through dividends and secondarily through capital appreciation. Its target assets include Agency residential mortgage-backed securities (RMBS) (which includes inverse interest-only Agency securities classified as Agency Derivatives) meaning RMBS whose principal and interest payments are guaranteed by Ginnie Mae Fannie Mae or Freddie Mac; Non-Agency RMBS meaning RMBS that are not issued or guaranteed by Ginnie Mae Fannie Mae or Freddie Mac; Residential mortgage loans; mortgage servicing rights (MSR); Commercial real estate debt and related assets and other financial assets comprising approximately 5% to 10% of the portfolio. The Company is externally managed and advised by PRCM Advisers LLC a subsidiary of Pine River Capital Management L.P.