Short Interest in Invesco Mortgage Capital Inc. (NYSE:IVR) Drops By 8.8%

Invesco Mortgage Capital Inc. (NYSE:IVR) 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) 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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 17.46%. The ex-dividend date of this dividend is Monday, October 7th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently -228.57%.

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.

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.