Invesco Mortgage Capital (NYSE:IVR) Hits New 1-Year Low – What’s Next?

Shares of Invesco Mortgage Capital Inc (NYSE:IVR) hit a new 52-week low on Tuesday. The company traded as low as $5.52 and last traded at $5.5150, with a volume of 1,698,620 shares changing hands. The stock had previously closed at $5.64.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings lowered Invesco Mortgage Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. Zacks Research raised Invesco Mortgage Capital from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 8th. UBS Group set a $7.75 target price on Invesco Mortgage Capital and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen cut shares of 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 stock. According to MarketBeat.com, Invesco Mortgage Capital presently has a consensus rating of “Hold” and an average price target of $8.38.

Invesco Mortgage Capital Stock Down 0.6%

The stock has a market capitalization of $598.91 million, a P/E ratio of 3.76 and a beta of 1.69. The business’s 50 day simple moving average is $6.77 and its two-hundred day simple moving average is $7.54.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%. The business had revenue of $30.10 million during the quarter, compared to analyst estimates of $46.48 million. Analysts predict that Invesco Mortgage Capital Inc will post 1.97 earnings per share for the current year.

Invesco Mortgage Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, October 26th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 25.9%. The ex-dividend date of this dividend is Monday, October 26th. Invesco Mortgage Capital’s dividend payout ratio is currently 97.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IVR. Allworth Financial LP purchased a new stake in Invesco Mortgage Capital in the 2nd quarter worth approximately $60,000. Global Retirement Partners LLC purchased a new stake in shares of Invesco Mortgage Capital in the second quarter worth $70,000. Oxford Financial Group LTD. LLC bought a new stake in Invesco Mortgage Capital during the second quarter valued at $79,000. Able Wealth Management LLC bought a new stake in Invesco Mortgage Capital during the first quarter valued at $87,000. Finally, Equitable Holdings Inc. bought a new stake in Invesco Mortgage Capital during the second quarter valued at $90,000. 40.54% of the stock is owned by institutional investors.

Invesco Mortgage Capital Company Profile

Invesco Mortgage Capital Inc is a real estate investment trust (REIT) that invests in and manages a portfolio of mortgage-related assets. The company’s primary investments include residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and other mortgage-related investments.

Its portfolio has historically included agency RMBS, which are issued or guaranteed by U.S. government-sponsored enterprises or government agencies, as well as non-agency RMBS and commercial mortgage investments.