Short Interest in Invesco Mortgage Capital Inc (IVR) Rises By 172.5%
Invesco Mortgage Capital Inc (NYSE:IVR) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 4,252,981 shares, a growth of 172.5% from the November 15th total of 1,561,001 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average daily volume of 3,806,380 shares, the short-interest ratio is currently 1.1 days.
In related news, EVP David B. Lyle purchased 2,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $16.97 per share, for a total transaction of $33,940.00. Following the transaction, the executive vice president now directly owns 17,268 shares of the company’s stock, valued at approximately $293,037.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. IndexIQ Advisors LLC grew its holdings in Invesco Mortgage Capital by 11.7% during the second quarter. IndexIQ Advisors LLC now owns 134,778 shares of the real estate investment trust’s stock valued at $2,252,000 after purchasing an additional 14,128 shares during the period. Voya Investment Management LLC grew its holdings in Invesco Mortgage Capital by 16.1% during the second quarter. Voya Investment Management LLC now owns 51,280 shares of the real estate investment trust’s stock valued at $857,000 after purchasing an additional 7,101 shares during the period. Prudential Financial Inc. grew its holdings in Invesco Mortgage Capital by 17.1% during the second quarter. Prudential Financial Inc. now owns 2,214,641 shares of the real estate investment trust’s stock valued at $37,007,000 after purchasing an additional 323,130 shares during the period. Cipher Capital LP grew its holdings in Invesco Mortgage Capital by 334.5% during the second quarter. Cipher Capital LP now owns 227,810 shares of the real estate investment trust’s stock valued at $3,806,000 after purchasing an additional 175,379 shares during the period. Finally, Stifel Financial Corp grew its holdings in Invesco Mortgage Capital by 131.5% during the second quarter. Stifel Financial Corp now owns 73,251 shares of the real estate investment trust’s stock valued at $1,228,000 after purchasing an additional 41,611 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.
Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Invesco Mortgage Capital had a net margin of 66.86% and a return on equity of 9.06%. The company had revenue of $68.20 million during the quarter, compared to the consensus estimate of $68.85 million. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Tuesday, December 26th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.68 dividend on an annualized basis and a yield of 9.32%. This is a boost from Invesco Mortgage Capital’s previous quarterly dividend of $0.41. Invesco Mortgage Capital’s payout ratio is currently 51.57%.
Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.25 price objective on shares of Invesco Mortgage Capital in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Invesco Mortgage Capital currently has a consensus rating of “Buy” and a consensus price target of $18.13.
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Invesco Mortgage Capital Company Profile
Invesco Mortgage Capital Inc is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company’s objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
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