Invesco Mortgage Capital (NYSE:IVR) Sets New 52-Week Low – Time to Sell?

Invesco Mortgage Capital Inc (NYSE:IVR) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.10 and last traded at $7.1050, with a volume of 931319 shares. The stock had previously closed at $7.14.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Zacks Research lowered shares of Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. Finally, UBS Group set a $7.75 price objective on shares of Invesco Mortgage Capital and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.38.

Invesco Mortgage Capital Price Performance

The firm has a market capitalization of $769.09 million, a PE ratio of 4.82 and a beta of 1.62. The business has a 50-day simple moving average of $7.64 and a 200-day simple moving average of $7.96.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $30.10 million during the quarter, compared to analysts’ expectations of $46.48 million. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%. On average, research analysts expect that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current year.

Invesco Mortgage Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 20.2%. The ex-dividend date of this dividend is Tuesday, August 25th. Invesco Mortgage Capital’s payout ratio is presently 97.30%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Several hedge funds and other institutional investors have recently made changes to their positions in IVR. Bank of New York Mellon Corp lifted its holdings in shares of Invesco Mortgage Capital by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 181,596 shares of the real estate investment trust’s stock worth $1,467,000 after acquiring an additional 1,476 shares during the last quarter. ProShare Advisors LLC raised its position in Invesco Mortgage Capital by 14.3% in the 4th quarter. ProShare Advisors LLC now owns 13,101 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 1,644 shares during the period. 180 Wealth Advisors LLC raised its position in Invesco Mortgage Capital by 7.4% in the 2nd quarter. 180 Wealth Advisors LLC now owns 24,597 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 1,690 shares during the period. Intech Investment Management LLC lifted its stake in Invesco Mortgage Capital by 6.5% in the fourth quarter. Intech Investment Management LLC now owns 32,618 shares of the real estate investment trust’s stock worth $274,000 after purchasing an additional 1,983 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake 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 worth $110,000 after purchasing an additional 2,011 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

About Invesco Mortgage Capital

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.