Invesco Mortgage Capital Inc. (NYSE:IVR) Short Interest Update

Invesco Mortgage Capital Inc. (NYSE:IVR) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 4,500,000 shares, a decrease of 5.7% from the May 15th total of 4,770,000 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average daily trading volume, of 867,200 shares, the days-to-cover ratio is currently 5.2 days.

Invesco Mortgage Capital Stock Up 3.4 %

Shares of NYSE:IVR opened at $9.38 on Tuesday. The company has a market cap of $457.78 million, a PE ratio of -13.39 and a beta of 1.90. The firm has a 50-day simple moving average of $8.95 and a 200 day simple moving average of $8.96. Invesco Mortgage Capital has a fifty-two week low of $6.34 and a fifty-two week high of $12.37.

Invesco Mortgage Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 8th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.60 dividend on an annualized basis and a yield of 17.07%. Invesco Mortgage Capital’s dividend payout ratio is currently -228.57%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its holdings in shares of Invesco Mortgage Capital by 100.1% during the first quarter. Global Retirement Partners LLC now owns 4,847 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,425 shares during the period. Tower Research Capital LLC TRC boosted its stake in Invesco Mortgage Capital by 500.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,052 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 7,544 shares during the period. Valley Brook Capital Group Inc. bought a new position in Invesco Mortgage Capital in the 4th quarter worth about $91,000. Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Mortgage Capital in the first quarter valued at approximately $165,000. Finally, Range Financial Group LLC bought a new stake in shares of Invesco Mortgage Capital during the first quarter valued at approximately $180,000. 40.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on IVR. StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Janney Montgomery Scott initiated coverage on shares of Invesco Mortgage Capital in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.50.

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.