Invesco Mortgage Capital (NYSE:IVR) Sets New 12-Month Low – What’s Next?

Invesco Mortgage Capital Inc (NYSE:IVR) hit a new 52-week low on Monday. The company traded as low as $5.37 and last traded at $5.3050, with a volume of 442,420 shares changing hands. The stock had previously closed at $5.53.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IVR shares. UBS Group set a $7.75 price objective on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Weiss Ratings cut Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. Zacks Research upgraded Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.38.

Invesco Mortgage Capital Stock Down 3.9%

The business’s 50 day simple moving average is $6.69 and its 200 day simple moving average is $7.51. The company has a market capitalization of $572.11 million, a PE ratio of 3.59 and a beta of 1.69.

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

Invesco Mortgage Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, October 26th will be issued a $0.12 dividend. The ex-dividend date is Monday, October 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 27.1%. Invesco Mortgage Capital’s dividend payout ratio is presently 97.30%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in shares of Invesco Mortgage Capital in the second quarter worth approximately $2,087,000. BlackRock Inc. acquired a new position in shares of Invesco Mortgage Capital in the second quarter worth $69,562,000. Bank of America Corp DE increased its stake in shares of Invesco Mortgage Capital by 190.1% in the first quarter. Bank of America Corp DE now owns 410,787 shares of the real estate investment trust’s stock worth $3,319,000 after acquiring an additional 269,195 shares during the last quarter. State Street Corp raised its holdings in shares of Invesco Mortgage Capital by 31.6% during the second quarter. State Street Corp now owns 1,849,062 shares of the real estate investment trust’s stock worth $14,803,000 after acquiring an additional 443,882 shares in the last quarter. Finally, Odyssean LLC raised its holdings in shares of Invesco Mortgage Capital by 144.9% during the second quarter. Odyssean LLC now owns 374,410 shares of the real estate investment trust’s stock worth $2,958,000 after acquiring an additional 221,498 shares in the last quarter. 40.54% of the stock is owned by institutional investors and hedge funds.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc is a real estate investment trust (REIT) that invests in and manages a portfolio of mortgage-related assets. The company’s primary investments include residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and other mortgage-related investments.

Its portfolio has historically included agency RMBS, which are issued or guaranteed by U.S. government-sponsored enterprises or government agencies, as well as non-agency RMBS and commercial mortgage investments.