Invesco Mortgage Capital Target of Unusually Large Options Trading (NYSE:IVR)

Invesco Mortgage Capital Inc (NYSE:IVR) saw unusually large options trading activity on Friday. Stock traders acquired 59,068 call options on the company. This is an increase of approximately 14,854% compared to the typical daily volume of 395 call options.

Hedge Funds Weigh In On Invesco Mortgage Capital

Hedge funds have recently made changes to their positions in the business. PFG Investments LLC boosted its position in Invesco Mortgage Capital by 3.1% during the 3rd quarter. PFG Investments LLC now owns 64,310 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 1,953 shares during the period. Russell Investments Group Ltd. raised its position in Invesco Mortgage Capital by 16.8% in the second quarter. Russell Investments Group Ltd. now owns 14,000 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 2,011 shares during the period. Rhumbline Advisers boosted its position in shares of Invesco Mortgage Capital by 2.7% in the first quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust’s stock worth $685,000 after buying an additional 2,260 shares during the period. Bogart Wealth LLC grew its stake in shares of Invesco Mortgage Capital by 103.9% in the second quarter. Bogart Wealth LLC now owns 4,711 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,400 shares in the last quarter. Finally, Corebridge Financial Inc. raised its holdings in shares of Invesco Mortgage Capital by 9.2% during the 1st quarter. Corebridge Financial Inc. now owns 29,972 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 2,517 shares during the period. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Stock Performance

NYSE IVR traded down $0.01 during trading hours on Friday, hitting $8.63. 2,730,450 shares of the company’s stock were exchanged, compared to its average volume of 1,666,955. The business’s 50 day moving average is $7.90 and its 200-day moving average is $7.73. Invesco Mortgage Capital has a 12-month low of $5.86 and a 12-month high of $9.06. The firm has a market capitalization of $611.91 million, a P/E ratio of 16.91 and a beta of 1.71.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of ($22.71) million for the quarter, compared to analyst estimates of $45.40 million. Invesco Mortgage Capital had a net margin of 18.16% and a return on equity of 29.47%. As a group, equities research analysts anticipate that Invesco Mortgage Capital will post 2.49 EPS for the current fiscal year.

Invesco Mortgage Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Monday, December 29th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 16.7%. This is a positive change from Invesco Mortgage Capital’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, December 29th. Invesco Mortgage Capital’s dividend payout ratio is presently 282.35%.

Wall Street Analyst Weigh In

IVR has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Compass Point initiated coverage on Invesco Mortgage Capital in a research note on Monday, December 15th. They set a “buy” rating and a $9.00 price objective for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Invesco Mortgage Capital in a research note on Monday. Finally, UBS Group upped their price target on Invesco Mortgage Capital from $7.25 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.25.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.