Invesco Mortgage Capital Inc. (NYSE:IVR) Sees Significant Decrease in Short Interest

Invesco Mortgage Capital Inc. (NYSE:IVR) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 4,340,000 shares, a decline of 20.7% from the October 15th total of 5,470,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is currently 3.2 days. Currently, 7.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco Mortgage Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IVR. International Assets Investment Management LLC acquired a new position in shares of Invesco Mortgage Capital in the second quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in Invesco Mortgage Capital in the 2nd quarter valued at $33,000. 180 Wealth Advisors LLC acquired a new stake in shares of Invesco Mortgage Capital during the 2nd quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Invesco Mortgage Capital by 36.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,162 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 2,955 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Invesco Mortgage Capital during the third quarter worth approximately $121,000. Institutional investors and hedge funds own 40.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on IVR shares. JMP Securities reissued a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. StockNews.com raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Monday, October 7th.

Invesco Mortgage Capital Price Performance

NYSE IVR traded up $0.01 on Friday, hitting $8.20. 726,065 shares of the company were exchanged, compared to its average volume of 1,090,216. Invesco Mortgage Capital has a twelve month low of $7.60 and a twelve month high of $9.97. The firm has a market capitalization of $497.99 million, a P/E ratio of 6.83 and a beta of 1.90. The company’s 50 day moving average price is $8.66 and its 200-day moving average price is $8.93.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. The firm had revenue of $73.83 million during the quarter, compared to analyst estimates of $12.38 million. During the same quarter in the previous year, the firm posted $1.51 earnings per share. As a group, equities analysts expect that Invesco Mortgage Capital will post 3.06 EPS for the current year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 19.51%. The ex-dividend date of this dividend was Monday, October 7th. Invesco Mortgage Capital’s payout ratio is presently 133.33%.

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.