INVESCO MORTGAGE CAPITAL (NYSE:IVR) Sees Large Volume Increase - Still a Buy?

INVESCO MORTGAGE CAPITAL INC (NYSE:IVR - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,156,221 shares changed hands during mid-day trading, a decline of 24% from the previous session's volume of 1,513,864 shares.The stock last traded at $7.74 and had previously closed at $7.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on IVR shares. UBS Group increased their target price on INVESCO MORTGAGE CAPITAL from $6.50 to $7.25 and gave the stock a "neutral" rating in a research note on Thursday. Wall Street Zen cut INVESCO MORTGAGE CAPITAL from a "hold" rating to a "sell" rating in a research report on Friday, May 9th.

INVESCO MORTGAGE CAPITAL Price Performance

The company has a market capitalization of $510.77 million, a PE ratio of 18.44 and a beta of 1.62. The firm has a 50-day moving average of $7.61 and a 200 day moving average of $7.88.

INVESCO MORTGAGE CAPITAL (NYSE:IVR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. The business had revenue of $18.82 million for the quarter, compared to analysts' expectations of $44.71 million. INVESCO MORTGAGE CAPITAL had a return on equity of 32.00% and a net margin of 17.27%. Equities analysts expect that INVESCO MORTGAGE CAPITAL INC will post 2.49 EPS for the current year.

INVESCO MORTGAGE CAPITAL Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 17.56%. INVESCO MORTGAGE CAPITAL's payout ratio is currently 323.81%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in shares of INVESCO MORTGAGE CAPITAL by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 132,654 shares of the real estate investment trust's stock valued at $1,068,000 after buying an additional 2,472 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in INVESCO MORTGAGE CAPITAL by 427.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,638 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 3,758 shares in the last quarter. Rhumbline Advisers lifted its holdings in INVESCO MORTGAGE CAPITAL by 2.7% in the 1st quarter. Rhumbline Advisers now owns 86,863 shares of the real estate investment trust's stock worth $685,000 after purchasing an additional 2,260 shares in the last quarter. Deutsche Bank AG lifted its holdings in INVESCO MORTGAGE CAPITAL by 76.2% in the 4th quarter. Deutsche Bank AG now owns 46,322 shares of the real estate investment trust's stock worth $373,000 after purchasing an additional 20,038 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in INVESCO MORTGAGE CAPITAL by 32.3% in the 4th quarter. Bank of America Corp DE now owns 61,051 shares of the real estate investment trust's stock worth $491,000 after purchasing an additional 14,897 shares in the last quarter. 40.54% of the stock is owned by hedge funds and other institutional investors.

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.