Invesco Mortgage Capital Inc (NYSE:IVR) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 49,290,000 shares, a decrease of 9.7% from the August 31st total of 54,560,000 shares. Based on an average trading volume of 8,230,000 shares, the short-interest ratio is presently 6.0 days.
Several research firms recently issued reports on IVR. BofA Securities began coverage on Invesco Mortgage Capital in a research report on Tuesday, June 30th. They set an “underperform” rating and a $2.50 price target on the stock. Credit Suisse Group reissued a “sell” rating and set a $2.50 price target on shares of Invesco Mortgage Capital in a research report on Monday, June 22nd. Zacks Investment Research lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, August 11th. TheStreet lowered Invesco Mortgage Capital from a “c-” rating to a “d” rating in a research report on Wednesday, June 24th. Finally, Bank of America began coverage on Invesco Mortgage Capital in a research report on Tuesday, June 30th. They issued an “underperform” rating and a $2.50 target price on the stock. Six investment analysts have rated the stock with a sell rating, The company presently has an average rating of “Sell” and a consensus target price of $2.38.
Several large investors have recently added to or reduced their stakes in IVR. Warren Averett Asset Management LLC bought a new position in shares of Invesco Mortgage Capital in the first quarter worth $34,000. Public Employees Retirement System of Ohio grew its stake in shares of Invesco Mortgage Capital by 94.3% in the second quarter. Public Employees Retirement System of Ohio now owns 10,816 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 5,249 shares in the last quarter. Mutual Advisors LLC bought a new position in shares of Invesco Mortgage Capital in the second quarter worth $42,000. JustInvest LLC bought a new position in shares of Invesco Mortgage Capital in the first quarter worth $45,000. Finally, Mackay Shields LLC bought a new position in Invesco Mortgage Capital during the second quarter valued at about $47,000. 55.91% of the stock is owned by institutional investors.
Shares of NYSE:IVR traded up $0.12 on Friday, hitting $2.89. The company’s stock had a trading volume of 4,236,551 shares, compared to its average volume of 11,432,881. Invesco Mortgage Capital has a 12 month low of $1.56 and a 12 month high of $15.73. The company has a market capitalization of $524.04 million, a price-to-earnings ratio of -0.27 and a beta of 1.31. The stock’s 50-day moving average is $2.91 and its two-hundred day moving average is $3.47. The company has a debt-to-equity ratio of 1.24, a quick ratio of 97.93 and a current ratio of 97.93.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 27th. Stockholders of record on Monday, October 12th will be paid a $0.05 dividend. The ex-dividend date is Thursday, October 8th. This represents a $0.20 annualized dividend and a dividend yield of 6.92%. Invesco Mortgage Capital’s payout ratio is 4.17%.
Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.
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