Shares of Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $7.00 and last traded at $6.9550, with a volume of 394314 shares. The stock had previously closed at $7.09.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on IVR shares. Weiss Ratings raised Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. UBS Group set a $7.75 price objective on shares of Invesco Mortgage Capital and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Zacks Research downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Invesco Mortgage Capital presently has an average rating of “Hold” and a consensus target price of $8.38.
Read Our Latest Analysis on IVR
Invesco Mortgage Capital Stock Performance
Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%.The business had revenue of $30.10 million during the quarter, compared to analyst estimates of $46.48 million. Research analysts forecast that Invesco Mortgage Capital Inc will post 1.97 EPS for the current year.
Invesco Mortgage Capital Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 21.1%. The ex-dividend date of this dividend is Tuesday, August 25th. Invesco Mortgage Capital’s dividend payout ratio is presently 97.30%.
Institutional Trading of Invesco Mortgage Capital
Several hedge funds have recently bought and sold shares of IVR. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco Mortgage Capital by 3,282.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 2,954 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Invesco Mortgage Capital during the fourth quarter worth about $33,000. Comerica Bank increased its position in shares of Invesco Mortgage Capital by 1,722.1% during the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 4,839 shares in the last quarter. Caption Management LLC acquired a new stake in shares of Invesco Mortgage Capital in the 4th quarter worth about $43,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Invesco Mortgage Capital by 83.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 2,548 shares during the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.
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.
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