Invesco Mortgage Capital Inc. (NYSE:IVR) Short Interest Down 14.0% in July

Invesco Mortgage Capital Inc. (NYSE:IVR) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 4,420,000 shares, a drop of 14.0% from the July 15th total of 5,140,000 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is currently 4.3 days. Approximately 9.1% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities analysts have recently commented on IVR shares. Janney Montgomery Scott initiated coverage on shares of Invesco Mortgage Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $10.00 price objective on the stock. StockNews.com lowered Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Monday, August 12th.

Invesco Mortgage Capital Stock Down 0.5 %

NYSE IVR traded down $0.04 during trading on Friday, hitting $8.66. The stock had a trading volume of 1,650,882 shares, compared to its average volume of 1,009,356. The firm has a 50 day moving average price of $9.13 and a 200 day moving average price of $9.03. Invesco Mortgage Capital has a twelve month low of $6.34 and a twelve month high of $11.44. The company has a market capitalization of $422.83 million, a PE ratio of -12.37 and a beta of 1.90.

Invesco Mortgage Capital (NYSE:IVR) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.11. Invesco Mortgage Capital had a negative net margin of 2.96% and a positive return on equity of 62.02%. The firm had revenue of $68.03 million for the quarter, compared to the consensus estimate of $9.27 million. During the same period in the prior year, the firm earned $1.45 EPS. On average, sell-side analysts anticipate that Invesco Mortgage Capital will post 3.58 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 18.48%. The ex-dividend date of this dividend was Friday, July 5th. Invesco Mortgage Capital’s payout ratio is currently -228.57%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IVR. International Assets Investment Management LLC acquired a new stake in Invesco Mortgage Capital in the 2nd quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of Invesco Mortgage Capital during the second quarter worth about $33,000. Global Retirement Partners LLC increased its stake in shares of Invesco Mortgage Capital by 100.1% during the first quarter. Global Retirement Partners LLC now owns 4,847 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,425 shares during the period. Valley Brook Capital Group Inc. acquired a new stake in Invesco Mortgage Capital in the fourth quarter valued at approximately $91,000. Finally, 180 Wealth Advisors LLC acquired a new stake in Invesco Mortgage Capital in the second quarter valued at approximately $102,000. 40.54% of the stock is owned by institutional investors and hedge funds.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U.S.