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

Invesco Mortgage Capital Inc (NYSE:IVR) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 7,607,552 shares, a growth of 20.2% from the January 29th total of 6,331,525 shares. Currently, 10.8% of the shares of the stock are sold short. Based on an average daily volume of 2,651,944 shares, the days-to-cover ratio is currently 2.9 days. Based on an average daily volume of 2,651,944 shares, the days-to-cover ratio is currently 2.9 days. Currently, 10.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

IVR has been the topic of several research analyst reports. Compass Point began coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They set a “buy” rating and a $9.00 price objective on the stock. Zacks Research downgraded Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Wall Street Zen lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.25.

Institutional Investors Weigh In On Invesco Mortgage Capital

Several large investors have recently bought and sold shares of the company. 180 Wealth Advisors LLC boosted its position in shares of Invesco Mortgage Capital by 7.8% during the fourth quarter. 180 Wealth Advisors LLC now owns 20,575 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 1,486 shares in the last quarter. ProShare Advisors LLC raised its stake in Invesco Mortgage Capital by 14.3% during the 4th quarter. ProShare Advisors LLC now owns 13,101 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 1,644 shares during the period. Range Financial Group LLC lifted its holdings in Invesco Mortgage Capital by 6.8% during the fourth quarter. Range Financial Group LLC now owns 28,083 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 1,786 shares in the last quarter. PFG Investments LLC grew its stake in Invesco Mortgage Capital by 3.1% in the third quarter. PFG Investments LLC now owns 64,310 shares of the real estate investment trust’s stock valued at $486,000 after acquiring an additional 1,953 shares during the period. Finally, Intech Investment Management LLC increased its holdings in shares of 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 acquiring an additional 1,983 shares in the last quarter. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Price Performance

Shares of IVR stock opened at $8.36 on Wednesday. The firm has a market cap of $696.14 million, a price-to-earnings ratio of 6.53 and a beta of 1.76. Invesco Mortgage Capital has a 12 month low of $5.86 and a 12 month high of $9.50. The stock has a 50-day moving average price of $8.74 and a 200 day moving average price of $8.09.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). Invesco Mortgage Capital had a net margin of 34.30% and a return on equity of 28.85%. The business had revenue of $56.06 million for the quarter, compared to analyst estimates of $47.99 million. Sell-side analysts predict that Invesco Mortgage Capital will post 2.49 earnings per share for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Tuesday, February 24th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 17.2%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 37.50%.

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.