Invesco Mortgage Capital (NYSE:IVR) Hits New 1-Year Low – Here’s Why

Invesco Mortgage Capital Inc (NYSE:IVR) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $6.52 and last traded at $6.5350, with a volume of 3305619 shares changing hands. The stock had previously closed at $6.67.

Analyst Upgrades and Downgrades

IVR has been the topic of several research reports. UBS Group set a $7.75 price target on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wall Street Zen raised Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Zacks Research cut Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.38.

Invesco Mortgage Capital Stock Performance

The business has a 50-day moving average of $7.42 and a 200 day moving average of $7.83. The stock has a market cap of $704.61 million, a PE ratio of 4.42 and a beta of 1.62.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. The company had revenue of $30.10 million for the quarter, compared to analyst estimates of $46.48 million. Equities analysts expect that Invesco Mortgage Capital Inc will post 1.97 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 28th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 22.0%. The ex-dividend date of this dividend is Monday, September 28th. Invesco Mortgage Capital’s payout ratio is currently 97.30%.

Institutional Trading of Invesco Mortgage Capital

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP acquired a new position in Invesco Mortgage Capital in the 2nd quarter valued at $60,000. Global Retirement Partners LLC acquired a new stake in shares of Invesco Mortgage Capital during the second quarter worth $70,000. Oxford Financial Group LTD. LLC acquired a new stake in shares of Invesco Mortgage Capital during the second quarter worth $79,000. Able Wealth Management LLC purchased a new stake in shares of Invesco Mortgage Capital in the first quarter valued at $87,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Invesco Mortgage Capital in the second quarter valued at $90,000. Institutional investors and hedge funds 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.