Invesco Mortgage Capital Inc (NYSE:IVR) Short Interest Up 20.2% in February

Invesco Mortgage Capital Inc (NYSE:IVR) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 7,607,552 shares, a growth of 20.2% from the January 29th total of 6,331,525 shares. Based on an average daily trading volume, of 2,651,944 shares, the days-to-cover ratio is currently 2.9 days. Currently, 10.8% of the company’s shares are sold short. Currently, 10.8% of the company’s shares are sold short. Based on an average daily trading volume, of 2,651,944 shares, the days-to-cover ratio is currently 2.9 days.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Compass Point started coverage on shares of Invesco Mortgage Capital in a research note on Monday, December 15th. They set a “buy” rating and a $9.00 target price on the stock. Zacks Research lowered Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Invesco Mortgage Capital has an average rating of “Hold” and an average target price of $8.25.

Invesco Mortgage Capital Stock Performance

Shares of NYSE IVR traded down $0.03 during mid-day trading on Thursday, reaching $8.31. The company had a trading volume of 1,388,857 shares, compared to its average volume of 2,728,488. The stock has a market capitalization of $691.97 million, a PE ratio of 6.49 and a beta of 1.76. Invesco Mortgage Capital has a twelve month low of $5.86 and a twelve month high of $9.50. The stock’s 50 day moving average is $8.73 and its 200-day moving average is $8.09.

Invesco Mortgage Capital (NYSE:IVR) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). The firm had revenue of $56.06 million during the quarter, compared to analyst estimates of $47.99 million. Invesco Mortgage Capital had a return on equity of 28.85% and a net margin of 34.30%. On average, sell-side analysts anticipate that Invesco Mortgage Capital will post 2.49 EPS for the current year.

Invesco Mortgage Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Tuesday, February 24th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 17.3%. Invesco Mortgage Capital’s payout ratio is 37.50%.

Institutional Investors Weigh In On Invesco Mortgage Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in Invesco Mortgage Capital by 3,282.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 2,954 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Invesco Mortgage Capital during the 4th quarter worth about $28,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco Mortgage Capital during the 4th quarter worth about $33,000. Comerica Bank increased its holdings in shares of Invesco Mortgage Capital by 1,722.1% during the 3rd quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 4,839 shares during the last quarter. Finally, Caption Management LLC bought a new position in shares of Invesco Mortgage Capital in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 40.54% of the company’s stock.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.