Invesco Mortgage Capital Inc (NYSE:IVR – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $5.18 and last traded at $5.1850, with a volume of 2,772,396 shares changing hands. The stock had previously closed at $5.33.
Wall Street Analyst Weigh In
A number of research firms recently commented on IVR. Zacks Research raised shares of Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 8th. Weiss Ratings lowered shares of Invesco Mortgage Capital from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday. Wall Street Zen cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Finally, UBS Group set a $7.75 price objective on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Buy rating, two have assigned 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 an average price target of $8.38.
Get Our Latest Stock Report on Invesco Mortgage Capital
Invesco Mortgage Capital Price Performance
The business’s 50 day simple moving average is $6.01 and its 200 day simple moving average is $7.54. The company has a market capitalization of $565.68 million, a price-to-earnings ratio of -28.80 and a beta of 1.73.
Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $33.93 million during the quarter, compared to the consensus estimate of $57.52 million. Invesco Mortgage Capital had a negative net margin of 8.49% and a positive return on equity of 26.75%. As a group, analysts expect that Invesco Mortgage Capital Inc will post 1.97 EPS for the current fiscal year.
Invesco Mortgage Capital Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, November 16th. Shareholders 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 27.8%. The ex-dividend date is Monday, October 26th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is -800.00%.
Institutional Investors Weigh In On Invesco Mortgage Capital
Large investors have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new stake in shares of Invesco Mortgage Capital during the third quarter worth $175,000. Ieq Capital LLC increased its stake in Invesco Mortgage Capital by 8.9% in the 3rd quarter. Ieq Capital LLC now owns 142,175 shares of the real estate investment trust’s stock valued at $863,000 after buying an additional 11,679 shares during the period. Fisher Asset Management LLC purchased a new position in Invesco Mortgage Capital during the 3rd quarter worth $63,000. Russell Investments Group Ltd. raised its position in Invesco Mortgage Capital by 5.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 72,222 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 3,737 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its position in Invesco Mortgage Capital by 23.8% during the 3rd quarter. 180 Wealth Advisors LLC now owns 30,446 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 5,849 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.
About Invesco Mortgage Capital
Invesco Mortgage Capital Inc. is a real estate investment trust that invests in mortgage-related assets, with a portfolio focused on residential and commercial mortgage-backed securities and mortgage loans. Its investments include securities backed by U.S. government agencies as well as non-agency securities. Founded in 2009, the company is externally managed by Invesco Advisers, Inc., an investment adviser affiliated with Invesco Ltd. Its activities are primarily focused on U.S. mortgage markets.
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