Invesco Mortgage Capital Inc (NYSE:IVR) Sees Large Drop in Short Interest

Invesco Mortgage Capital Inc (NYSE:IVR) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 7,101,896 shares, a drop of 14.5% from the March 31st total of 8,306,430 shares. Based on an average trading volume of 1,634,180 shares, the short-interest ratio is currently 4.3 days. Approximately 8.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

IVR has been the subject of a number of research analyst reports. Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. Zacks Research downgraded shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.25.

Institutional Trading of Invesco Mortgage Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC raised its position in Invesco Mortgage Capital by 23.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 1,191,069 shares of the real estate investment trust’s stock worth $9,004,000 after buying an additional 226,411 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Invesco Mortgage Capital during the third quarter worth about $955,000. Wealth Enhancement Advisory Services LLC purchased a new position in Invesco Mortgage Capital during the fourth quarter worth about $97,000. JPMorgan Chase & Co. raised its holdings in Invesco Mortgage Capital by 129.5% during the third quarter. JPMorgan Chase & Co. now owns 74,433 shares of the real estate investment trust’s stock worth $563,000 after purchasing an additional 42,002 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Invesco Mortgage Capital in the 4th quarter valued at approximately $28,000. 40.54% of the stock is owned by hedge funds and other institutional investors.

Invesco Mortgage Capital Stock Up 2.4%

Shares of NYSE IVR opened at $8.33 on Friday. The business has a 50-day moving average price of $8.20 and a 200 day moving average price of $8.24. The stock has a market cap of $723.86 million, a PE ratio of 11.25 and a beta of 1.64. Invesco Mortgage Capital has a 52-week low of $7.10 and a 52-week high of $9.50.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The company had revenue of ($15.01) million during the quarter, compared to analysts’ expectations of $39.80 million. Invesco Mortgage Capital had a return on equity of 29.57% and a net margin of 20.50%. Sell-side analysts anticipate that Invesco Mortgage Capital will post 2.25 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, April 27th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 17.3%. The ex-dividend date of this dividend is Monday, April 27th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 112.50%.

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.