Invesco Mortgage Capital Inc (NYSE:IVR) Short Interest Down 14.5% in April

Invesco Mortgage Capital Inc (NYSE:IVR) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 7,101,896 shares, a decrease of 14.5% from the March 31st total of 8,306,430 shares. Approximately 8.2% of the company’s stock are sold short. Based on an average daily volume of 1,634,180 shares, the short-interest ratio is currently 4.3 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IVR. Jones Financial Companies Lllp raised its position in shares of Invesco Mortgage Capital by 4,329.2% during the first quarter. Jones Financial Companies Lllp now owns 17,008 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 16,624 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Invesco Mortgage Capital by 9.3% during the first quarter. Goldman Sachs Group Inc. now owns 368,466 shares of the real estate investment trust’s stock valued at $2,907,000 after buying an additional 31,410 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Invesco Mortgage Capital during the first quarter valued at about $144,000. Strs Ohio acquired a new position in shares of Invesco Mortgage Capital during the first quarter valued at about $82,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Invesco Mortgage Capital by 63.1% during the second quarter. Envestnet Asset Management Inc. now owns 22,097 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 8,553 shares during the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.

Analysts Set New Price Targets

IVR has been the subject of a number of recent research reports. Wall Street Zen cut shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings upgraded shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. Finally, Zacks Research cut shares of Invesco Mortgage Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.25.

Invesco Mortgage Capital Stock Up 2.4%

IVR stock traded up $0.20 during mid-day trading on Friday, reaching $8.33. 3,296,331 shares of the stock traded hands, compared to its average volume of 1,990,847. Invesco Mortgage Capital has a 52 week low of $7.10 and a 52 week high of $9.50. The business has a 50-day moving average of $8.20 and a two-hundred day moving average of $8.24. The firm has a market capitalization of $723.86 million, a PE ratio of 6.50 and a beta of 1.64.

Invesco Mortgage Capital (NYSE:IVR) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Invesco Mortgage Capital had a net margin of 20.50% and a return on equity of 29.57%. The company had revenue of ($15.01) million during the quarter, compared to analysts’ expectations of $39.80 million. On average, equities research analysts anticipate that Invesco Mortgage Capital will post 2.25 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, April 27th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 17.3%. The ex-dividend date is Monday, April 27th. Invesco Mortgage Capital’s dividend payout ratio is 112.50%.

About Invesco Mortgage Capital

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.