Invesco Mortgage Capital Inc. (NYSE:IVR) Sees Significant Increase in Short Interest

Invesco Mortgage Capital Inc. (NYSE:IVR) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 4,740,000 shares, an increase of 9.2% from the October 31st total of 4,340,000 shares. Currently, 7.8% of the shares of the company are sold short. Based on an average daily trading volume, of 1,260,000 shares, the short-interest ratio is currently 3.8 days.

Hedge Funds Weigh In On Invesco Mortgage Capital

A number of institutional investors have recently bought and sold shares of the company. Barclays PLC raised its stake in Invesco Mortgage Capital by 326.5% during the third quarter. Barclays PLC now owns 75,303 shares of the real estate investment trust’s stock worth $708,000 after purchasing an additional 57,649 shares during the period. McIlrath & Eck LLC purchased a new position in Invesco Mortgage Capital during the third quarter worth about $62,000. Geode Capital Management LLC raised its stake 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 worth $11,504,000 after purchasing an additional 80,051 shares during the period. Zacks Investment Management purchased a new stake in shares of Invesco Mortgage Capital in the 3rd quarter valued at approximately $94,000. Finally, State Street Corp raised its stake in shares of Invesco Mortgage Capital by 1.3% in 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 acquiring an additional 12,557 shares during the period. 40.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on IVR. StockNews.com raised shares of Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Monday, October 7th. JMP Securities restated a “market perform” rating on shares of Invesco Mortgage Capital in a research report on Wednesday, August 28th.

Invesco Mortgage Capital Price Performance

IVR traded down $0.11 on Tuesday, reaching $8.28. 1,200,653 shares of the company’s stock were exchanged, compared to its average volume of 1,080,004. The stock has a market cap of $502.84 million, a PE ratio of 6.90 and a beta of 1.89. Invesco Mortgage Capital has a twelve month low of $7.60 and a twelve month high of $9.97. The stock’s fifty day moving average price is $8.48 and its 200-day moving average price is $8.85.

Invesco Mortgage Capital (NYSE:IVR) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The business had revenue of $73.83 million for the quarter, compared to analyst estimates of $12.38 million. Invesco Mortgage Capital had a return on equity of 36.90% and a net margin of 30.67%. During the same quarter in the previous year, the firm posted $1.51 earnings per share. As a group, research analysts predict that Invesco Mortgage Capital will post 3.06 earnings per share for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 19.32%. The ex-dividend date was Monday, October 7th. Invesco Mortgage Capital’s dividend payout ratio (DPR) is presently 133.33%.

About Invesco Mortgage Capital

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.