Invesco Mortgage Capital (NYSE:IVR) Shares Gap Down – What’s Next?

Invesco Mortgage Capital Inc. (NYSE:IVR)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $8.62, but opened at $8.43. Invesco Mortgage Capital shares last traded at $8.20, with a volume of 1,479,853 shares trading hands.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Thursday, January 23rd.

Invesco Mortgage Capital Trading Up 0.3 %

The stock has a market cap of $532.30 million, a price-to-earnings ratio of 12.55 and a beta of 1.93. The stock’s 50 day moving average is $8.55 and its two-hundred day moving average is $8.48.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.21). The company had revenue of $13.68 million for the quarter, compared to analysts’ expectations of $50.18 million. Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. On average, sell-side analysts predict that Invesco Mortgage Capital Inc. will post 2.49 EPS for the current year.

Invesco Mortgage Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be issued a $0.34 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.36 annualized dividend and a yield of 16.68%. Invesco Mortgage Capital’s payout ratio is 209.23%.

Hedge Funds Weigh In On Invesco Mortgage Capital

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Invesco Mortgage Capital by 427.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 3,758 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Invesco Mortgage Capital during the 4th quarter worth $50,000. McIlrath & Eck LLC purchased a new stake in Invesco Mortgage Capital during the third quarter valued at about $62,000. Russell Investments Group Ltd. boosted its stake in Invesco Mortgage Capital by 55.6% in the 4th quarter. Russell Investments Group Ltd. now owns 9,154 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 3,272 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Invesco Mortgage Capital during the fourth quarter valued at $81,000. Institutional investors and hedge funds own 40.54% of the company’s stock.

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.