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

Invesco Mortgage Capital Inc (NYSE:IVR)’s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $5.37 and last traded at $5.3050, with a volume of 442,420 shares. The stock had previously closed at $5.53.

Wall Street Analyst Weigh In

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

Invesco Mortgage Capital Trading Up 3.0%

The firm has a market capitalization of $580.72 million, a PE ratio of 2.39 and a beta of 1.69. The firm has a 50-day moving average of $6.61 and a two-hundred day moving average of $7.48.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $30.10 million during 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%. Equities research analysts expect that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, October 26th will be paid a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 26.7%. The ex-dividend date of this dividend is Monday, October 26th. Invesco Mortgage Capital’s payout ratio is currently 97.30%.

Institutional Trading of Invesco Mortgage Capital

A number of institutional investors and hedge funds have recently bought and sold shares of IVR. Allworth Financial LP lifted its position in Invesco Mortgage Capital by 22.9% during the second quarter. Allworth Financial LP now owns 7,593 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 1,415 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Invesco Mortgage Capital by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 181,596 shares of the real estate investment trust’s stock worth $1,467,000 after buying an additional 1,476 shares during the period. 180 Wealth Advisors LLC grew its stake in Invesco Mortgage Capital by 7.4% during the second quarter. 180 Wealth Advisors LLC now owns 24,597 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 1,690 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Invesco Mortgage Capital by 11.1% in the second quarter. The Manufacturers Life Insurance Company now owns 21,223 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 2,122 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in shares of Invesco Mortgage Capital by 20.3% in the second quarter. Integrated Wealth Concepts LLC now owns 13,200 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 2,226 shares in the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.

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.