Invesco Mortgage Capital (NYSE:IVR) Hits New 52-Week Low – What’s Next?

Invesco Mortgage Capital Inc (NYSE:IVR) reached a new 52-week low during trading on Thursday. The company traded as low as $6.36 and last traded at $6.3850, with a volume of 776258 shares. The stock had previously closed at $6.46.

Analysts Set New Price Targets

A number of brokerages have issued reports on IVR. Wall Street Zen lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. UBS Group set a $7.75 target price on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings cut shares of Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued 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 business has a 50-day moving average of $7.23 and a 200 day moving average of $7.75. The company has a market capitalization of $690.51 million, a PE ratio of 4.33 and a beta of 1.62.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 return on equity of 26.48% and a net margin of 38.01%. As a group, research analysts anticipate that Invesco Mortgage Capital Inc will post 1.97 EPS for the current year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 22.4%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 97.30%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP bought a new position in Invesco Mortgage Capital during the second quarter valued at $60,000. Global Retirement Partners LLC purchased a new stake in shares of Invesco Mortgage Capital during the 2nd quarter valued at about $70,000. Oxford Financial Group LTD. LLC purchased a new stake in shares of Invesco Mortgage Capital during the 2nd quarter valued at about $79,000. Able Wealth Management LLC bought a new position in shares of Invesco Mortgage Capital in the 1st quarter valued at about $87,000. Finally, Equitable Holdings Inc. bought a new position in shares of Invesco Mortgage Capital in the 2nd quarter valued at about $90,000. 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 invests primarily in mortgage-related securities. Its portfolio has historically focused on residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises and government agencies, including securities backed by Fannie Mae, Freddie Mac and Ginnie Mae.

The company may also invest in other mortgage assets, including non-agency residential mortgage-backed securities, commercial mortgage-backed securities and mortgage loans.