Invesco Mortgage Capital Inc. (NYSE:IVR – Get Free Report) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 4,150,000 shares, a decline of 8.8% from the August 31st total of 4,550,000 shares. Approximately 7.6% of the shares of the stock are short sold. Based on an average trading volume of 1,260,000 shares, the days-to-cover ratio is presently 3.3 days.
Invesco Mortgage Capital Price Performance
Shares of IVR stock traded down $0.23 during trading hours on Tuesday, hitting $9.17. The stock had a trading volume of 2,481,009 shares, compared to its average volume of 1,035,269. The stock’s 50 day moving average is $8.86 and its 200 day moving average is $9.04. Invesco Mortgage Capital has a twelve month low of $6.34 and a twelve month high of $10.16. The firm has a market capitalization of $447.49 million, a PE ratio of -13.09 and a beta of 1.89.
Invesco Mortgage Capital (NYSE:IVR – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. The business had revenue of $68.03 million during the quarter, compared to analysts’ expectations of $9.27 million. Invesco Mortgage Capital had a positive return on equity of 59.85% and a negative net margin of 9.40%. During the same quarter last year, the business posted $1.45 earnings per share. As a group, equities analysts predict that Invesco Mortgage Capital will post 3.23 earnings per share for the current year.
Invesco Mortgage Capital Announces Dividend
Analysts Set New Price Targets
Several brokerages have recently weighed in on IVR. Janney Montgomery Scott began coverage on shares of Invesco Mortgage Capital in a research report on Thursday, June 6th. They set a “buy” rating and a $10.00 price target on the stock. StockNews.com cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Friday. Finally, JMP Securities reissued a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Invesco Mortgage Capital presently has a consensus rating of “Hold” and an average price target of $9.00.
View Our Latest Analysis on IVR
Institutional Investors Weigh In On Invesco Mortgage Capital
Several hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in Invesco Mortgage Capital during the second quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of Invesco Mortgage Capital in the 2nd quarter valued at $33,000. 180 Wealth Advisors LLC acquired a new position in shares of Invesco Mortgage Capital in the 2nd quarter valued at $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Invesco Mortgage Capital by 36.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,162 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 2,955 shares during the period. Finally, Valley Brook Capital Group Inc. boosted its position in shares of Invesco Mortgage Capital by 12.2% in the 1st quarter. Valley Brook Capital Group Inc. now owns 11,500 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,250 shares during the period. 40.54% of the stock is currently owned by hedge funds and other institutional investors.
About Invesco Mortgage Capital
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.
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