Invesco Mortgage Capital (NYSE:IVR) Hits New 12-Month Low – What’s Next?

Invesco Mortgage Capital Inc (NYSE:IVR) shares reached a new 52-week low on Tuesday. The company traded as low as $5.19 and last traded at $5.2450, with a volume of 630,668 shares traded. The stock had previously closed at $5.34.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IVR shares. Weiss Ratings cut shares of Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. Zacks Research upgraded shares of Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a report on Thursday, October 8th. UBS Group set a $7.75 target price on shares of Invesco Mortgage Capital and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen cut Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.38.

Invesco Mortgage Capital Stock Performance

The stock has a market cap of $564.57 million, a PE ratio of -29.08 and a beta of 1.73. The company’s 50-day moving average price is $6.24 and its 200 day moving average price is $7.66.

Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Thursday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%. The company had revenue of $33.93 million during the quarter, compared to analysts’ expectations of $57.52 million. As a group, equities research analysts predict that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, October 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, October 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 27.5%. Invesco Mortgage Capital’s dividend payout ratio is currently -800.00%.

Institutional Trading of Invesco Mortgage Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in Invesco Mortgage Capital in the second quarter valued at about $2,087,000. BlackRock Inc. purchased a new position in Invesco Mortgage Capital during the second quarter worth about $69,562,000. Bank of America Corp DE boosted its stake in Invesco Mortgage Capital by 190.1% during the first quarter. Bank of America Corp DE now owns 410,787 shares of the real estate investment trust’s stock worth $3,319,000 after buying an additional 269,195 shares during the period. State Street Corp increased its position in shares of Invesco Mortgage Capital by 31.6% during the second quarter. State Street Corp now owns 1,849,062 shares of the real estate investment trust’s stock valued at $14,803,000 after acquiring an additional 443,882 shares during the last quarter. Finally, Odyssean LLC increased its position in shares of Invesco Mortgage Capital by 144.9% during the second quarter. Odyssean LLC now owns 374,410 shares of the real estate investment trust’s stock valued at $2,958,000 after acquiring an additional 221,498 shares during the last quarter. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that invests primarily in mortgage-related assets. The company focuses on residential and commercial mortgage-backed securities, including securities issued or guaranteed by U.S. government-sponsored enterprises and agencies, as well as non-agency mortgage-backed securities and other mortgage-related investments.

Invesco Mortgage Capital seeks to generate income from its investment portfolio through interest payments and other returns associated with mortgage assets.