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

Invesco Mortgage Capital Inc. (NYSE:IVR) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 7,540,000 shares, a growth of 52.0% from the December 15th total of 4,960,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is presently 5.7 days. Approximately 12.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a research report on Monday, October 7th.

Invesco Mortgage Capital Stock Up 0.7 %

Shares of IVR stock traded up $0.06 on Friday, reaching $8.14. The company’s stock had a trading volume of 922,247 shares, compared to its average volume of 1,400,920. The company has a market capitalization of $494.04 million, a P/E ratio of 6.78 and a beta of 1.86. Invesco Mortgage Capital has a 12-month low of $7.47 and a 12-month high of $9.97. The stock’s 50 day simple moving average is $8.23 and its 200-day simple moving average is $8.62.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). The business had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $12.38 million. Invesco Mortgage Capital had a net margin of 30.67% and a return on equity of 36.90%. During the same period in the previous year, the business earned $1.51 EPS. Research analysts expect that Invesco Mortgage Capital will post 3.06 EPS for the current year.

Invesco Mortgage Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, December 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 19.67%. The ex-dividend date of this dividend is Monday, December 30th. Invesco Mortgage Capital’s payout ratio is 133.33%.

Institutional Trading of Invesco Mortgage Capital

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in Invesco Mortgage Capital by 7.0% during the third quarter. Geode Capital Management LLC now owns 1,224,795 shares of the real estate investment trust’s stock valued at $11,504,000 after purchasing an additional 80,051 shares in the last quarter. State Street Corp increased its position in shares of Invesco Mortgage Capital by 1.3% during the 3rd quarter. State Street Corp now owns 1,013,514 shares of the real estate investment trust’s stock valued at $9,517,000 after purchasing an additional 12,557 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Invesco Mortgage Capital by 2.9% during the 2nd quarter. Renaissance Technologies LLC now owns 841,852 shares of the real estate investment trust’s stock valued at $7,888,000 after buying an additional 23,900 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Invesco Mortgage Capital by 3.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 537,168 shares of the real estate investment trust’s stock worth $5,044,000 after buying an additional 17,453 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Invesco Mortgage Capital by 7.0% in the third quarter. Van ECK Associates Corp now owns 491,433 shares of the real estate investment trust’s stock worth $4,615,000 after buying an additional 32,359 shares in the last quarter. 40.54% of the stock is owned by institutional investors.

Invesco Mortgage Capital Company Profile

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.