Invesco Mortgage Capital (NYSE:IVR) Hits New 1-Year Low – What’s Next?

Invesco Mortgage Capital Inc (NYSE:IVR) hit a new 52-week low on Thursday . The company traded as low as $7.10 and last traded at $7.1050, with a volume of 931319 shares traded. The stock had previously closed at $7.14.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Zacks Research cut shares of Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. Weiss Ratings upgraded Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group set a $7.75 target price on Invesco Mortgage Capital and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen upgraded Invesco Mortgage Capital from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.38.

Invesco Mortgage Capital Stock Performance

The company has a market cap of $776.08 million, a P/E ratio of 4.87 and a beta of 1.62. The company has a fifty day moving average price of $7.61 and a two-hundred day moving average price of $7.94.

Invesco Mortgage Capital (NYSE:IVR) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Invesco Mortgage Capital had a return on equity of 26.48% and a net margin of 38.01%.The business had revenue of $30.10 million for the quarter, compared to the consensus estimate of $46.48 million. Research analysts anticipate that Invesco Mortgage Capital Inc will post 1.97 EPS for the current year.

Invesco Mortgage Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 20.0%. Invesco Mortgage Capital’s payout ratio is 97.30%.

Institutional Investors Weigh In On Invesco Mortgage Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco Mortgage Capital by 3,282.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,044 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 2,954 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Invesco Mortgage Capital during the fourth quarter worth $33,000. Comerica Bank raised its position in Invesco Mortgage Capital by 1,722.1% during the third quarter. Comerica Bank now owns 5,120 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 4,839 shares in the last quarter. Caption Management LLC bought a new stake in Invesco Mortgage Capital during the fourth quarter worth $43,000. Finally, BNP Paribas Financial Markets lifted its stake in Invesco Mortgage Capital by 83.5% in the second quarter. BNP Paribas Financial Markets now owns 5,599 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,548 shares during the last quarter. Institutional investors own 40.54% of the company’s stock.

Invesco Mortgage Capital Company Profile

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.