Invesco Mortgage Capital Inc. (NYSE:IVR) Short Interest Down 8.8% in September

Invesco Mortgage Capital Inc. (NYSE:IVR) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 4,150,000 shares, a drop of 8.8% from the August 31st total of 4,550,000 shares. Based on an average daily trading volume, of 1,260,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 7.6% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco Mortgage Capital

Several large investors have recently modified their holdings of IVR. Swiss National Bank increased its holdings in shares of Invesco Mortgage Capital by 8.9% in the 1st quarter. Swiss National Bank now owns 95,601 shares of the real estate investment trust’s stock valued at $925,000 after acquiring an additional 7,800 shares during the period. Vanguard Group Inc. increased its stake in Invesco Mortgage Capital by 4.0% in the first quarter. Vanguard Group Inc. now owns 2,492,244 shares of the real estate investment trust’s stock valued at $24,125,000 after purchasing an additional 96,117 shares during the period. GSA Capital Partners LLP raised its holdings in shares of Invesco Mortgage Capital by 12.1% in the first quarter. GSA Capital Partners LLP now owns 101,638 shares of the real estate investment trust’s stock valued at $984,000 after buying an additional 11,009 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Invesco Mortgage Capital during the first quarter worth about $180,000. Finally, American International Group Inc. grew its holdings in shares of Invesco Mortgage Capital by 7.8% during the first quarter. American International Group Inc. now owns 24,098 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 1,740 shares during the last quarter. 40.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IVR shares. JMP Securities reaffirmed a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th. Janney Montgomery Scott initiated coverage on shares of Invesco Mortgage Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, StockNews.com downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.00.

Invesco Mortgage Capital Stock Down 1.9 %

Invesco Mortgage Capital stock traded down $0.18 during midday trading on Tuesday, reaching $9.21. The company’s stock had a trading volume of 962,260 shares, compared to its average volume of 1,026,310. The company has a market cap of $449.69 million, a P/E ratio of -13.42 and a beta of 1.89. The business has a 50-day simple moving average of $8.86 and a 200-day simple moving average of $9.04. Invesco Mortgage Capital has a fifty-two week low of $6.34 and a fifty-two week high of $10.16.

Invesco Mortgage Capital (NYSE:IVR) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.11. The firm 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 in the previous year, the business earned $1.45 earnings per share. As a group, equities analysts forecast that Invesco Mortgage Capital will post 3.23 earnings per share for the current year.

Invesco Mortgage Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders 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 17.37%. The ex-dividend date of this dividend is Monday, October 7th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is -228.57%.

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.