Invesco Mortgage Capital (NYSE:IVR) Trading Down 2.8% – Here’s Why

Invesco Mortgage Capital Inc. (NYSE:IVR)’s stock price traded down 2.8% during mid-day trading on Wednesday . The company traded as low as $7.80 and last traded at $7.82. 1,037,748 shares were traded during mid-day trading, a decline of 36% from the average session volume of 1,614,130 shares. The stock had previously closed at $8.04.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market perform” rating on shares of Invesco Mortgage Capital in a report on Thursday, January 23rd.

Invesco Mortgage Capital Stock Down 1.1 %

The stock has a market capitalization of $518.92 million, a P/E ratio of 12.23 and a beta of 1.93. The firm’s 50 day simple moving average is $8.54 and its two-hundred day simple moving average is $8.47.

Invesco Mortgage Capital (NYSE:IVR) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.21). Invesco Mortgage Capital had a return on equity of 34.61% and a net margin of 20.90%. The firm had revenue of $13.68 million during the quarter, compared to the consensus estimate of $50.18 million. As a group, equities research analysts expect that Invesco Mortgage Capital Inc. will post 2.49 earnings per share for the current year.

Invesco Mortgage Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.34 per share. The ex-dividend date is Monday, April 7th. This represents a $1.36 dividend on an annualized basis and a yield of 17.11%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is currently 209.23%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. PL Capital Advisors LLC raised its position in Invesco Mortgage Capital by 705.0% in the 4th quarter. PL Capital Advisors LLC now owns 3,220,000 shares of the real estate investment trust’s stock valued at $25,921,000 after buying an additional 2,820,000 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Invesco Mortgage Capital by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 3,193,984 shares of the real estate investment trust’s stock valued at $25,712,000 after purchasing an additional 206,355 shares in the last quarter. Invesco Ltd. boosted its holdings in Invesco Mortgage Capital by 2,346.8% during the fourth quarter. Invesco Ltd. now owns 2,324,820 shares of the real estate investment trust’s stock worth $18,715,000 after purchasing an additional 2,229,805 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Invesco Mortgage Capital by 100.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,457,258 shares of the real estate investment trust’s stock worth $11,731,000 after purchasing an additional 730,497 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Invesco Mortgage Capital by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 1,351,663 shares of the real estate investment trust’s stock worth $10,882,000 after buying an additional 126,868 shares during the last quarter. Institutional investors own 40.54% of the company’s stock.

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.